Introduction to Forwards and Futures - Online

This course expands on the introductory information provided in Derivative Instruments to present a more in–depth look at forwards and futures. It explores the definitions, pricing and applications of the different types of contracts.

This course replicates the content from lesson 1 of Forwards and Futures - Online

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer. Subscription period for this course is 90 days.


Traders, sales professionals, back office professionals, financial analysts, cash/money managers, auditors, compliance professionals, financial and bank officers, accountants and regulators.
Students will be able to:
  • Identify the similarities between forwards and futures.
  • Recognize the components of the forward price.
  • List the credit risks involved in forwards and futures transactions.
  • Identify the differences between forwards and futures.
Derivative Instruments or equivalent level of knowledge
Introduction to Forwards and Futures
  • Definitions of forwards and futures
  • Spot vs. forward delivery
  • Basics of pricing
  • Characteristics of forwards
  • Characteristics of futures
  • Margin
  • Cash settlement vs. physical delivery