Basics of Forwards and Futures
There are many features that distinguish futures and forwards, and this module will discuss these in detail. Because forwards and futures originated in the commodities markets and are distinguished in some respects more clearly in those markets, we have used commodities as a consistent example throughout this module, supplemented with common financial instruments such as foreign exchange and stock indexes. This course replicates the content from Lesson 1 of Derivative Instruments - A Core NYIF Course.
CPE Credits: 2
| Program Level | Basic |
| Prerequisites | This course has no prerequisites. |
| Advance Preparation | No advance preparation required. |
| Recent Revision Date | November 24, 2014 |
| Instructional Delivery Method | QAS Self Study |
| Field of Study | Specialized Knowledge and Applications |
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Duration : 2 hours
- Differentiate between a forward and a futures contract
- Explain the characteristics of a futures contract
- Identify hedging or speculative futures strategies
- Understand the basics of futures pricing