Futures and Forwards

Options

Swaps

 

Futures and Forwards

A comprehensive e-learning product covering strategies,
concepts and pricing of futures and forward contracts

Highlights:

  • Fundamentals of futures contracts
  • Knowledge of the concepts of futures and forward contracts
  • Develop positions in futures market so as to exploit and manage risks
  • Mechanics of trading futures and forward contracts by market participants

 
Futures and Forwards
Overview
Growth of internationalization has increased the use of derivative instruments in the financial markets. Futures markets provide the widest range of trading opportunities. It is important for firms to exploit and manage market risk, commodity risk, foreign exchange rate risk and interest rate risk. Hence, it is important to understand the characteristics of futures and forwards and their usage as a financial instrument for risk management purposes.
  
After completing this course you will be familiar with:
  • The concepts and terminologies used in futures and forward market
  • The different types of futures available in the financial market
  • Application of pricing theory to futures contracts
  • Identification of futures and forwards as a tool for arbitrage, speculative, hedging and trading activities
  • Calculation of forward/forward rates and FRA settlement
For purchase, contact us at
E-mail: support@prmia.org

For online purchase, visit www.prmia.org

 
Futures and Forwards
 
Library of 7 Courses


Time taken to complete each Course:
Two - Three hours

1. Futures Fundamentals

  • Objectives
  • Overview
  • Mechanics of trading
  • Trading strategies
  • Uses of futures contract
  • Regulation

2. Pricing of Futures

  • Objectives
  • Introduction
  • Futures prices models- Overview
  • Cost-of-Carry model- Perfect markets
  • Cost-of-Carry model- Imperfect markets
  • Pricing of futures contracts

3. Commodity and Equity Futures

  • Objectives
  • Commodity futures and hedging strategies
  • Arbitrage and Speculation using Commodity Futures
  • Equity futures and hedging strategies
  • Arbitrage and speculation using Equity Futures

4. Currency Futures

  • Objectives
  • Introduction
  • Trading in foreign currency futures
  • Currency futures pricing
  • Currency futures- Basis trade

5. Short-term Interest Rate Futures- Euro Dollar and T-bill Futures

  • Objectives
  • Introduction
  • Eurodollar Futures- Pricing and Arbitrage Strategies
  • Hedging and Speculation using Eurodollar Futures
  • T-bill Futures- Pricing and Arbitrage Strategies
  • Hedging and Speculation using T-bill Futures

6. Long-term Interest Rate Futures- T-bond Futures

  • Objectives
  • Introduction
  • Mechanics of Trading T-bond Futures
  • Pricing of T-bond Futures
  • Applications of T-bond Futures

7. Forward Rate Agreements

  • Objectives
  • Introduction to forwards
  • FRA concepts and Mechanics of trading
  • FRA Settlement
  • Forward / Forward rates
  • Hedging, Trading and Arbitrage using FRAs
  • Futures and FRAs
 

Set of 5 interactive Job Aids
  • Disclosures
  • Regulations
  • Measurement Tools
  • Benchmarking Data
  • Global Best Practices
Calculators in
Futures and Forwards
  1. Calculation of Forward Rate Agreement Settlemen
  2. Calculation of Forward/Forward Rate
  3. Calculation of FRA Rate using FRA strips
  4. Pricing Stock Futures Calculator
  5. Pricing Index Futures Calculator
  6. Pricing Currency Futures Calculator
  7. Pricing T-Bond Futures Calculator
For more information, please visit:

www.prmia.org
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Options

A comprehensive e-learning product covering strategies,
concepts and pricing of Options.

Highlights:

  • Fundamentals of Options contracts
  • Knowledge of the concepts of Options
  • Pricing of both American and European Options
  • Mechanics of Option trading strategies by market participants

 
Options
Overview
Growth of internationalization has increased the use of derivative instruments in the financial markets. Financial Options have changed the face of finance by creating new ways to understand, measure, and manage risks. These should be considered part of any firm's risk-management strategy to ensure that value-enhancing investment opportunities are pursued. This product is targeted at those individuals needing to understand the positions that can be taken in option transactions. It is an excellent product for anyone involved in option transactions, as it is filled with ideas for graphically detailing the risk/reward profile of various option positions. Analytical and numerical methods of option pricing have been dealt in detail.
  
After completing this course you will be conversant with:
  • The concepts and terminologies used in Options market
  • Different types of Options available in the financial market
  • Application of various pricing models
  • Identification of Options as a tool for speculative and hedging activities
For purchase, contact us at
E-mail: support@prmia.org

For online purchase, visit www.prmia.org

 
Options
 
Library of 10 Courses


Time taken to complete each Course:
Two - Three hours

1. Options-Fundamentals

  • Objectives
  • Basics
  • Option Premium
  • Basic Options Positions

2. European Option Pricing

  • Objectives
  • Introduction
  • Single-period Binomial model
  • Multi-period Binomial model
  • Black-Scholes model

3. Options-The Greeks

  • Objectives
  • Introduction
  • Delta
  • Gamma
  • Theta
  • Vega
  • Rho

4. Options-American Style

  • Objectives
  • The Option of Early Exercise
  • Black-Scholes Option Pricing model
  • Binomial Option Pricing model

5. Trading Strategies

  • Objectives
  • Introduction
  • Covered strategies
  • Spreads
  • Straddles
  • Butterflies
  • Strangles
  • Summary of strategies

6. Interest Rate Options

  • Objectives
  • Introduction
  • Pricing
  • Caps, Floors and Collars
  • Trading Strategies

7. Currency Options

  • Objectives
  • Introduction
  • Types and Characteristics
  • Pricing
  • Uses of Currency Options

8. Swaptions

  • Objectives
  • Introduction
  • Swaption Variants
  • Pricing of Swaptions
  • Uses of Swaptions

9. Options on Futures

  • Objectives
  • Introduction
  • Quotations
  • Pricing

10. Exotic Options

  • Objectives
  • Introduction
  • Forward-Start Options
  • Compound Options
  • Chooser Options
  • Barrier Options
  • Look-back Options
 

Set of 5 interactive Job Aids
  • Regulations
  • Disclosures
  • Benchmarking Data
  • Measurement Tools
  • Global Best Practices
Calculators in
Options
  1. Historical volatility
  2. Implied volatility
  3. Risk-free rate of interest
  4. Single-period Binomial Option pricing model
  5. Multi-period Binomial Option pricing model
  6. Multi-period Binomial Option pricing model –dividends
  7. Unit Normal Cumulative Probabilities
  8. Black-Scholes Option Pricing Model
  9. Black-Scholes-Merton Option Pricing Model
  10. Calculating Delta
  11. Calculating Gamma
  12. Calculating Rho
  13. Calculating Theta
  14. Calculating Vega
  15. A Comprehensive Calculator for Option Pricing and also for Greeks
  16. Bivariate Normal Cumulative Probabilities
  17. Binomial Approximation with a continuous dividend yield
  18. Binomial Approximation with a known dividend yield
  19. Binomial Approximation with a known dollar dividend
  20. Pseudo American call option pricing
  21. Analytic approximation of American stock option prices
  22. Chooser Options
  23. Forward Start Options
  24. Options on Futures
  25. Options on LIBOR
  26. Swaptions
  27. Currency Options Calculator - Binomial Model
For more information, please visit:

www.prmia.org
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Swaps

A comprehensive e-learning product covering the fundamentals,
types of and pricing of swaps contracts

Highlights:

  • The fundamentals of swaps contracts
  • The different types of swaps and its variants
  • Structuring swaps based on requirement
  • Understanding pricing and valuation concepts of swaps

 
Swaps
Overview
Swap transactions which involve exchange of one set of cash flows for another, represent one of the cornerstones of derivatives trading. Since its inception, the swaps market has experienced phenomenal growth (over US$ 3 trillion in size today). Financial institutions and corporate treasuries are increasingly employing swaps. As financial institutions and corporate treasuries increasingly employ swaps and the market experiences further growth in size and number, a professional guide to understanding swaps is essential for the various participants. This is an excellent product for anyone from management, trainee traders, back office support, accountants or corporate treasurers seeking to use swaps in asset management. It will help those with an interest in swaps to understand the variety and complexity of today’s market.
  
After completing this course you will be conversant with:
  • The mechanism of a generic swap and the concepts and terminologies used in swaps
  • Different types of swaps and the motivation behind employing them
  • The variants in the basic structure of swaps and their pricing and valuation concepts
For purchase, contact us at
E-mail: support@prmia.org

For online purchase, visit www.prmia.org

 
Swaps
 
Library of 7 Courses


Time taken to complete each Course:
Two - Three hours

1. Swaps – Fundamentals

  • Objectives
  • What are swaps?
  • Elements of a swap
  • Participation by Financial Intermediaries
  • Types of Swaps
  • Pricing and Valuation Concepts
  • Risks associated with swaps
  • Documentation

2. Interest Rate Swaps

  • Objectives
  • What is an Interest Rate Swap?
  • Basic Transaction
  • Plain vanilla Interest Rate Swaps
  • Interpreting swap quotes
  • Pricing and Valuation of Interest rate swaps

3. Currency Swaps

  • Objectives
  • Introduction to currency swaps
  • Mechanism of a Currency swap
  • Pricing and Valuation of Currency swap
  • Currency Vs. Foreign exchange swaps

4. Commodity Swaps

  • Objectives
  • What is a commodity swap?
  • Plain vanilla commodity swaps
  • Pricing commodity swaps
  • Commodity swaps Vs. Futures contracts
  • Credit risk in commodity swaps

5. Equity Swaps

  • Objectives
  • Introduction
  • A Plain Vanilla Equity Swap
  • A Single Currency Equity Swap with a fixed notional principal
  • Cross-currency Equity Swaps
  • What do Equity Swaps do?
  • Variations in the basic structure

6. Interest Rate Swap Variants

  • Objectives
  • Introduction
  • Asset swaps
  • Zero-coupon swaps
  • Basis swaps
  • Deferred swaps
  • Delayed- rate-setting and Rate-Capped Swaps
  • Amortizing Swaps
  • Draw down Swaps
  • Other variants

7. Swaptions

  • Objectives
  • Introduction
  • Swaption Variants
  • Pricing Swaptions
  • Uses of Swaptions
 

Set of 5 interactive Job Aids
  • Measurement Tools
  • Regulations
  • Disclosures
  • Benchmarking Data
  • Global Best Practices
Calculators in
Swaps
  1. Amortizing swaps
  2. Commodity swaps
  3. Currency swaps
  4. Drawdown swaps
  5. Forward swaps
  6. Pricing Interest rate swaps
  7. Daycount calculator
  8. Currency Swaps Valuation Calculator
  9. Swaptions
For more information, please visit:

www.prmia.org
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Target Audience

Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from KESDEE’s innovative
solutions.
  • Supervisory Agencies
  • Central Banks
  • Financial Institutions
  • Commercial Banks
  • Investment Banks
  • Housing Societies/Thrifts
  • Mutual Funds
  • Brokerage Houses
  • Stock Exchanges
  • Derivatives Exchanges
  • Insurance Companies
  • Multinational Corporations
  • Accountancy Firms
  • Consultancy Firms
  • Law Firms
  • Rating Agencies
  • Multi-lateral Financial Institutions
  • Others
For purchase, contact us at
E-mail: support@prmia.org

For online purchase, visit www.prmia.org