Advanced financial derivatives

The purpose of this intensive workshop is to provide participants a sound and practical understanding of the mechanics, pricing and applications of more advanced derivative instruments.

The advanced-level programme assumes that participants will be familiar with the basic concepts of derivatives. We will start with currency derivatives, where option combinations, different strategies, volatilities and delta hedging will be discussed in more detail.

We will proceed with a discussion about interest rate derivatives, with futures and swaps. We will explain the mechanics of plain vanilla interest rate swaps and give examples of swap cash flows and valuation. A range of advanced swaps will also be discussed.

Finally, options and exotic options, structured products and basics of credit derivatives will be explained.

The course will increase skills and various applications of derivative instruments, and teach participants how to tailor effective hedging strategies.