Course Outline
 

Course Title

  

Futures and Forwards (Advanced Concepts)

Course Category

    Online
Target Audience  

This course is designed for individual investor who wishes to gain a broader understanding of the strategic uses of the futures, forwards.

Continuing Education

  

Professional Development:
CA, CGA, CMA, IDA

MX CE (7)
IQPF 04-06-0029 (7 CE credits -Level 2)
CSF 04-06-50028 (7 CE credits)
ADVOCIS # CE-8507 (7)

Prerequistes

   Derivatives : Basic Concepts Series /
Courses 1, 2 and 3

or

Participants must be familiar with the following derivative basic concepts :

basic characteristics of derivative contracts
pricing techniques of derivative contracts
rudimentary uses of derivative contracts
basic trading strategies using derivative contracts
Objectives   Upon completion of this course, participants will have a broad understanding of the types, specifications and mechanics of futures contracts. They will be able to price and use futures contracts, as well as know the risks inherent in such products
Subject by level  

Topics  

Basic Mechanics of Futures Contracts
-  Role of futures contracts
-  Variety of underlying assets
-  Importance of exchange-traded futures contracts
-  Futures contracts versus forward contracts

Pricing of Futures Contracts
-  Cash and carry model
   . Pricing of a futures contract on a non-dividend-paying asset
   . Pricing a futures contract on a dividend-paying asset
   . Implied repo rate
   . Pricing a futures contract on a commodity with storage cost

Using Futures Contracts for Investment Purposes
-  To take a leverage position in a stock
-  To take a position in an index
-  To invest in commodities

Using Futures Contracts for Hedging
-  Why hedge and types of hedges
-  Cross hedging and the minimum variance hedge ratio
   . Hedging risks

Spread Trading and Roll Risks in Futures Contracts
-  Calendar spread
-  Intracommodity spread
-  Intercommodity spread

Conclusion 

 
Duration   This online course is equivalent to an in-class course with a duration of 7 hours. Online courses are self-paced, and the time necessary to complete each course will vary with each student
Time to comple the course   Six months (user account can be deactivated after this period)
Date   Available now
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