Derivatives PC- Virtual Series
May 12-28, 2023 (Meets Fri, Sat, Sun Only) | 8-10AM EST
Develop a comprehensive, practical understanding of derivative instruments including market conventions, contract specifications, valuation, trading strategies and the regulation of derivatives markets. The Online Professional Certificate in Derivatives encompasses the following core courses:
- Derivative Instruments
- Forwards and Futures
- Options
- Risk Management Using Derivatives
- Equities
- Fixed Income Securities
- Asset-Backed Securities
Registration Includes:
- 9 Online Virtual Sessions with Live Instructors
- 2 Supplemental Digital Content eLearning Modules
- Professional Certificate Examination
Participants must complete the virtual sessions and eLearning modules as well as pass the examination to receive a NYIF Professional Certificate of Mastery
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To make it even easier to learn, you can finance your program through Affirm.
Loans offered through Affirm are available in the U.S. and Canada.
Module 1: Fundamentals (Duration: 1 Hr 40 Mins)
- Diversification
- Market Portfolio
- Capital Asset Pricing Model
- Compounded Returns
- Asset Price Process
- Unit Zero Coupon Bonds
- Spot Rates
Module 2: Forwards and Futures Contracts (Duration: 20 Mins)
- Spot, Forward, and Futures Contracts
- Trading Volume and Open Interest
Module 3: Forwards and Futures Valuation (Duration: 1 Hr 10 Mins)
- No-Arbitrage
- Forward Payoffs
- Cash and Carry Arbitrage
- Basis and Cost of Carry
- Financial Assets and FX Forwards
- Risk-Neutral Valuation
- Convergence
Module 4: Commodity Markets (Duration: 25 Mins)
- Commodity Markets
- Crude Oil Forward Curve
- Commodity Markets Scenarios
- Seasonal Commodities and No-Arbitrage
Module 5: Hedging with Forwards and Futures (Duration: 25 Mins)
- Hedging
- Hedging with Equity Index Futures
Module 6: Short Term Financial Forwards and Futures (Duration: 1 Hr)
- Yield Curves
- Forward Zeros and Forward Interest Rates
- Spot and Forward Interest Rate
- Rate Lock
- Forward Rate Agreement
- Eurodollar Futures
- Federal Funds and FED Funds Futures
Module 7: Long Term Financial Forwards and Futures (Duration: 20 Mins)
- Treasury Futures
Review Quiz (Duration: 45 Mins)
Module 1: Swap Fundamentals (Duration: 40 Mins)
- Swaps
- Simple Swap
- Swap Price and Value
- Swap Term Sheet
Module 2: Interest Rate Swaps: Basics (Duration: 2 Hr 25 Mins)
- Unit Annuity
- Unit Coupon Bond
- Floating Rate Notes
- Forward Rate Agreement
- Interest Rate Swap
- The Swap Rate
- The Swap Rate Cont.
- BLOOMBERG SWPM
Module 3: Equity Swaps (Duration: 30 Mins)
Review Quiz (Duration: 45 Mins)
Module 1: Advanced Swap Topics: Asset Swaps, Amortizing Swaps
- SOFR Swaps
- Forward starting swaps
- Amortizing and accreting swap
- Asset Swaps
- Par asset swaps
- Asset swap spreads vs. CDS spreads
Module 2: Foreign Exchange Swap
- Foreign Exchange Markets
- Managing FX Risk
- Deliverable and Non-Deliverable Forwards
- FX Swaps and Cross Currency Swaps
Module 3: Credit Swaps
- Single-name credit default swaps (CDS)
- ISDA credit definitions
- CDS market conventions
- Portfolio Credit Default Swaps
- iTrax and CDX Basket Default Swaps
Module 1: Advanced Swap Topics: Asset Swaps, Amortizing Swaps
- The Basics
- Option Contracts
- Payoffs of Vanilla Calls and Puts
- Replication and Put-Call Parity
- Payoffs and P/L
- Asset price
- Strike price
- Time to expiration
- Interest rates
- Dividends
- Volatility
Module 5: Option Pricing Models
- The Greeks: Delta, Gamma, Theta, Vega, Rho and Psi
- Vertical Spreads
- Calendar Spreads
- Earnings announcements speculation
Module 7: Volatility Trading and Applications
- Gamma Scalping Example: Remaining delta neutral
- Volatility Trade Examples
- Trading The Skew: Other Ways to Hedge
Module 8: Advanced Volatility Concepts: Analytics
- Historical Volatility
- Calculating & Interpreting Historical Volatility
- Other Measures of Historical Volatility
- Measuring Normal versus Market Implied Distributions
Module 9: Advanced Volatility Concepts: Implied Volatility Surface
- Volatility Skew
- Tendencies, Seasonality, Etc.
- Term Structure of Implied
- Volatility: Sticky Strike, Sticky Delta
- Volatility Studies