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New York Institute of Finance

Available dates

Nov 18, 2019
New York, New York, United States
USD 1279
USD 1279 per day
Nov 18, 2019
Online
USD 1279
Mar 2, 2020
New York, New York, United States
USD 1151
USD 1151 per day
+6 more options

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About the course

Develop a comprehensive, practical understanding of forwards and futures including market conventions, contract specifications, valuation, and trading strategies.

This course is a component of the Derivatives Professional Certificate.

Prerequisite knowledge:

  • Intermediate MS Excel skills (use solver, etc.)
  • Basic probability
  • Basic calculus
  • Some knowledge of equity markets
  • Knowledge of fixed income basics

CURRICULUM

Day 1

MODULE 1: FORWARDS & FUTURES

  • Standardized versus customized contracts
  • Margin & daily settlement
  • Clearing firms
  • End users & producers
  • Speculators & arbitrageurs
  • How market participants use futures

MODULE 2: SHORT-TERM FINANCIAL FUTURES

  • Forward rate agreements (FRA's)
  • Value of a basis point in FRA's
  • Eurodollar futures
  • Value of a basis point in ED Futures
  • FRA’s vs. ED Futures

MODULE 3: LONG-TERM FINANCIAL FUTURES

  • Treasury bond futures
  • Basket deliverable futures
  • Conversion factors
  • Cheapest-to-deliver

MODULE 4: HEDGE ACCOUNTING FOR FORWARDS AND FUTURES

  • Fair value and cash flow hedges
  • Basis and hedge ineffectiveness

** WHAT YOU'LL LEARN**

  • Learn to price forward and futures contracts
  • Be familiar with futures contract specifications and market conventions
  • Understand common trading strategies using forwards and futures
  • Understand basic hedge accounting using forwards and futures

Who should attend

  • Asset managers
  • fund managers
  • risk managers
  • treasury analysts
  • regulators
  • auditors
  • controllers and financial journalists

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