Understanding Derivatives

Detailed Course Agenda

Click for a detailed PDF of the course content.pdf

Brief Course Overview

This is a comprehensive course which covers all of the major components of the derivatives markets from forwards, futures & CFD’s to options, swaps and credit derivatives. You will learn what they are, how they work and why we use them- all in plain English.

The course is set at the introductory to intermediate level and is focused at any delegates who have introductory knowledge of the financial markets and want to learn about derivatives in more detail. What makes this course different is that we not only explain how the products work in plain English but we explain the techniques used by professionals and different organisations to manage risks and generate returns using derivatives. The concepts of valuation of the respective derivatives are introduced without delving into any detailed mathematics.

We discuss all of the details of derivatives from:

  • The jargon of derivatives.
  • The tools you need to understand derivatives.
    • Volatility and payoff profiles.
    • Recap of trading terminology e.g. long, short, hedging, delta hedging etc.
    • Understanding spreads, spread trading, market neutral trading etc.
  • Forwards and the cost of carry.
  • Contango, backwardation and full carry.
  • Futures and all the different types of contracts and margin.
  • Basis and hedging.
  • Currency swaps and FX swaps.
  • Interest rate swaps and why they are so important.
  • Some exotic swaps and exchange listed variations.
  • CFD’s.
  • ISDA.
  • Options and the framework for pricing (we use odds and gambling to explain probability and how to price options).
  • Option strategies, exotics and the “Greeks” (incorporating delta hedging).
  • Mimicking and synthetics.
  • Credit derivatives.

Please refer to the pdf agenda attached for more info. You are welcome to customise the agenda for on-site training.

Price: R4750* + vat per person

*Please contact us for a firm price as we offer discounts for regular clients, long term contracts and large delegations. All prices below refer to on-site / in-house training (i.e. at your premises) in the major cities in South Africa. The minimum number of delegates is 8. This price is valid up to 2020/11/23.

Please contact us for a firm quote.

We also offer training outside of South Africa, again please contact us for a firm quote.