Derivative Products I

Students explore the fundamental characteristics, features, and applications of derivative products. Particular attention is paid to options pricing and the examination of the Black-Scholes and Binomial models.

25-Sep-2008 -- 25-Sep-2008ChicagoUSD$1475register
NY Institute of Finance - Chicago9:00am - 4:30pm Instructional Method:
Group-Live		email course to a friend
Instructor(s): [ Douglas Carroll; ] Thu Level: Basicemail a sales rep
CPE Credits: 7print this course

10-Dec-2008 -- 10-Dec-2008New YorkUSD$1475register
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live		email course to a friend
Instructor(s): [ McCabe Hurley; ] Wed Level: Basicemail a sales rep
CPE Credits: 7print this course

Traders, sales and business development professionals, back office staff, financial analysts, auditors and compliance staff.
No advance preparation required.
Students will be able to:
  • Identify who the market participants are that presently use derivative products.
  • Identify what markets are derivative products (futures, options and swaps) and on what underlying assets these derivatives are based.
  • Explain how these various market participants use derivative products and for what purpose.
  • Demonstrate how to price futures contracts.
Fundamentals of the Securities Industry or equivalent knowledge, 2 - 3 years financial markets experience working for a bank or brokerage firm who is currently in the derivatives business. You will need a financial calculator with the following specific functions: 1.) The e(x) (the Exponent e) function; 2) The Ln (the Natural Logarithm) function
"A thorough course with a good instructor."
"The instructor was able to break down complex concepts into everyday scenarios."
"This course utilized good examples to demonstrate course topics."
Required Materials
You will need a financial calculator with the following specific functions: 1. The E(x) (the Exponent e) 2. The LN (the Natural Logarithm functions)
Futures and Forwards
  • Evolution and History
  • Standardized Contracts
  • Margin and Daily Settlement
  • Clearing Firms and Their Function
  • Benefits Of Exchange-Traded Futures
  • Applications Of Futures And Forwards
  • Differences Between Futures & Forwards
  • Time Value of Money

Eurodollar Contract

  • Define an FRA
  • How they are priced
  • Applications of FRA

Eurodollar Futures

  • Contract Specifications
  • The Eurodollar Strip
  • Value of a Basis Point – Futures versus Deposits

Interest Rate Swaps

  • History and Evolution
  • Characteristics and Terms of Swaps
  • Fundamentals Of Pricing Swaps
  • Applications of Interest Rate Swaps

OPTIONS, CAPS, FLOORS & SWAPTIONS

  • History and Evolution Of Options Market
  • Option Terminology
  • Risk/Reward - Payoff Profiles & Breakevens
  • Basic Characteristics Of Option Contracts
  • Basic Characteristics Of Caps & Floors
  • Basic Characteristics Of Swaptions
  • Factors Of Options Pricing

Clients who register for this course will receive a complimentary 6 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process, and are limited to one per client. For questions about your subscriptions call 800-628-8088 or email uscirculation@ft.com. US and Canada enrollees only.

Lunch included for all students taking day classes.