ACF Academy
Derivatives Training Training
 Derivatives Training
Targeted Audience:
 Anyone working in the financial markets.
CPE Credits:
 7 hours
Course Level:
Date  DurationCostVenueRegister
25 Jul 2018  1 day$1400.00New York
7 Aug 2018  1 day£975.00London
18 Sep 2018  1 day£975.00London
18 Sep 2018  1 day$1400.00New York
2 Oct 2018  1 day$1400.00New York
8 Oct 2018  1 day$1400.00New York

Introduction to Derivatives

The principal objectives of this intensive one-day seminar are to:
  Provide a clear overview of the range of derivative products, and the uses to which they can be put
  Explore how clients use derivatives to mitigate equity, interest rate, and credit risks
  Examine how derivatives can also be used to enhance value and increment yield
  Give delegates first-hand experience of each topic through workshops and case studies
Hot Topic  Derivatives – good or bad?

Course Outline
 Introduction to Derivatives
What are derivatives?
Derivative building blocks: forwards and futures, swaps, and options
Derivatives as a hedging tool
Derivatives as a speculative tool
Derivatives as a structuring tool
Derivatives across markets – FX, equities, rates, commodities, and credit
 Forward Markets
Why is there a need for forward contracts?
Principles of forward pricing
The FX forward market
Using FX forwards to avoid currency risk
 Financial Futures
Definitions and terminology
How futures differ from OTC products
Standardisation of contracts
Overview of interest-rate, bond, stock-index, and currency contracts
Physical delivery vs. cash settlement
How margining systems work
A brief insight into cash and carry pricing
Using bond and stock index futures for tactical asset allocation
 Interest Rate, Currency, and Equity Swaps
The concept of a swap
Definitions and terminology
Interest rate swaps
Currency swaps
Equity swaps
Central counterparties
Swap execution facilities (SEFs)
Swap applications
Fixing investment returns
Why options are different
Options concepts and terminology
The importance of time value
Components of time value
Value and profit profiles
An intuitive insight into option pricing
What volatility means
 Using Stock Options
Bull and bear strategies
Price enhancement
Price protection
Using options to enhance value
 Credit Derivatives
Principles and functions of credit derivatives
Types of credit derivatives
The credit derivatives market
Credit default swaps
Terms and definitions
Credit events
Settlement types
Market conventions
CDS applications…
Taking a view of credit
Exploiting relative value
CDS Application Ideas


NB All practical sessions are highlighted like this:
means a Workshop or Simulation
means a Case study


"As a bank regulator, I found the seminar provided me with an in-depth knowledge of various hard decisions bank managers make on a daily basis."

– Gary H.