The objective of the workshop is to acquaint participants with different kinds of basic financial derivatives and their valuation, and to provide practical tips for their use for hedging and trading.
This warm-up seminar on derivatives will provide participants a general introduction to forwards, swaps, futures and options, and explain the advantages and disadvantages of an individual instrument.
We will explain the main characteristics, most important terms and basic mechanics of instruments. An overview of the organised derivatives and OTC markets will be presented with selected examples.
Finally, we will give participants an overview and examples of the basic uses of derivatives for trading and hedging purposes.
The workshop is intended for newcomers to the world of financial derivatives. It comprises a combination of lectures, discussions, case studies and practical workshops on the use of different FX and interest rate derivatives. Experience with derivatives is not required. However, a theoretical base in this area is welcome. In addition to the theoretical basics of derivatives, specific interesting solutions for day-to-day work will be addressed. The course content is intended to provide participants an understanding that will be of immediate practical use in the workplace. The seminar is targeted towards those who wish to participate in the subsequent “Advanced financial derivatives” workshop.
Participants are requested to bring a financial calculator (HP 17B or similar) for calculating practical examples and exercises. Only a minimal amount of calculus knowledge is required in order to master numerical analyses and examples during the workshop.
– Foreign exchange derivatives
– FX forwards
– FX swaps
– Currency futures
– Currency options
– Interest rate derivatives
– Forward Rate Agreements (FRA)
– Interest Rate Swaps (IRS)
– Interest Rate Options (IRO)
– Basics of equity and fixed income derivatives
– Basics of derivatives pricing and valuation
– Trading and hedging with derivatives
– Practical exercises and examples
Who should attend
– derivatives dealers
– risk managers
– corporate treasurers
– securities traders
– account officers who advise their customers
– accountants and auditors who wish to upgrade their knowledge about derivatives
– back office personnel
Group booking discounts
2 delegates — 440 EUR per delegate
3 or more delegates — 390 EUR per delegate