Futures, Options and Structured Products

Redcliffe Training Associates

Course

Inhouse

£ 3001-4000

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Description

  • Type

    Course

  • Methodology

    Inhouse

  • Class hours

    12h

  • Duration

    2 Days

  • Start date

    Different dates available

Are you interested in learning more about structured products such as futures and options? Financial derivatives are playing an increasingly important role and in some markets, they have become the driving force behind movements cash markets. If you would like to explore this aspect of finance, this is the course for you.

Participants will begin with the "arbitrage triangle" - (cash, futures and forwards and options) and will then explore cash-based structured products such as FRNs and several different types of bonds and swaps.

The course will get into the specifics of trading futures and options and will also cover margining. By the end of the seminar, participants will have learned the history of the market (such as the role of the clearing house) and will feel comfortable with the industry terms related to futures, options and margining.

This course has been available as a public training programme in many countries around the world in particular in London, Frankfurt and Singapore. It has also been available as an in-house programme in emerging markets.

This course can be delivered in-house to a team of people.

For further information on the course, trainer or to request a quote, please contact the center.

Facilities

Location

Start date

Inhouse

Start date

Different dates availableEnrolment now open

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Reviews

Subjects

  • Futures
  • Options
  • Structured products
  • FRNs
  • Zero Coupon Bonds
  • Margins
  • Cash Settlement
  • Physical Delivery
  • Price Conversion Factors
  • Hedging
  • Straddles
  • Spreads
  • Volatility

Teachers and trainers (1)

Former Practitioner

Former Practitioner

Contact us for details enquiries@redcliffetraining.co.uk

Course programme

Course Content:


Day 1

The Arbitrage Triangle:

Ø Cash

Ø Futures and Forwards

Ø Options


Cash-based Structured Products:

Ø FRN’s

Ø Zero-coupon Bonds and Swaps

Ø Step-up Coupon Bonds and Swaps

Ø Amortising Bonds and Swaps

Ø Roller-coaster Bonds and Swaps

Ø Forward Starting Bonds and Swaps

Introduction to Futures and Options:

Ø The History and Development of the Market

Ø Definitions

Ø Over-the Counter (OTC) versus Exchange Traded Products

Ø The Role of The Clearing House

Margining:

Ø Trading

Ø Novation of Contract

Ø Initial Margin

Ø Variation Margin

Ø Intra-day Margin Call

Ø Gearing

Pricing and Valuing Futures:

Ø Basic Futures Mechanism

Ø Pricing Futures through Cash and Carry Arbitrage

Ø The Value Basis

Ø The Carry Basis

Ø The Importance of Credit

Specialities with Futures Contracts:

Ø Cash Settlement

Ø Physical Delivery

Bond Futures:

Ø Exchange Delivery Settlement Price

Ø Price Conversion Factors

Ø Cheapest-to-deliver


Day 2: Options and Structured Products

Introduction to Options:

Ø Definitions

Ø Calls and Puts

Using Options to:

Ø Gear up

Ø Speculate

Ø Hedge

Ø Arbitrage

Option Trading Strategies:

Ø Straddles

Ø Strangles

Ø Bear Spreads

Ø Bull Spreads

Ø Butterflies

Ø Risk Reversal

Ø Cylinders

Ø Put - Call Parity

A Simple Approach to Option Pricing:

Ø Volatility

Ø The Binomial Model

Ø The Black & Scholes Model

Ø The Greeks (Risk measures)

Case Study: Managing the Risks

Ø Delta-hedging your Option Positions

Description of Exotic Options:

Ø Barrier Options

Ø Knock-in and Knock out Options

Ø Lookback Options

Ø Best of two (Digital)

Option-based Structured Products:

Ø Participation and Tracking

Ø Guaranteed Return Products

Ø Yield enhancement

Interest Rate Risk Management:

Ø Arbitrage boundaries

Ø Caps, Floors and Collars

Ø Put-Call Parity for Interest Rates

Course Summary:

Ø Putting Financial Instruments into Context

See related categories

Futures, Options and Structured Products

£ 3001-4000

The best Financial Markets courses

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