ACF Academy
Derivatives Training Training
Category:
 Derivatives Training
Targeted Audience:
 Anyone working in the financial markets.
Prerequisites:
 None
CPE Credits:
 7 hours
Course Level:
 Foundation
 
Date  DurationCostVenueRegister
8 Jan 2019  1 day£975.00London
15 Jan 2019  1 day$1400.00New York
16 Jan 2019  1 day$1400.00New York
26 Feb 2019  1 day$1400.00New York
6 Mar 2019  1 day£975.00London

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
   
 
   
 Options
   
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
 
Accreditation


 

"I enjoyed the references to newspaper articles. The descriptions of CDO/SIV liquidity issues was VERY interesting and pertinent - I think I have a much better understanding of the whole credit crunch right now."

– Maya F.