Futures and Forwards

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

The themes of this product are:

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

Highlights
Library of 7 Courses
Available Products
Upcoming Products

Highlights

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

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

Course Level and Number of Courses
Basic & Intermediate Level. Library of 7 Courses

Instructional Method
Dynamic, Interactive e-learning

Recommended Background
Familiarity with basic concepts of corporate management

To purchase this course online, visit: Link
http://www.kesdee.com/coursedetails.jsp?productid=39&groupID=3

For purchase, contact us at

Library of 7 Courses

Futures and Forwards
Time taken to complete each Course: One - Two 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

JOB AIDS

Measurement Tools
Disclosures
Regulations
Global Best Practices
Benchmarking Data

Calculators in Futures and Forwards

1. Calculation of Forward Rate Agreement Settlement
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

Available Products

Upcoming Products

For more information about our e-learning products and services
visit us at www.kesdee.com