The basics of derivatives markets
Futures, Swaps and Options
Master mechanisms of firm and conditional derivatives
Understand the use of derivatives
Understand the settings and price risks associated with the use of derivatives
Introduction to derivatives:
Which product can be classified as “derivative”?
Derivatives markets organisation
- Over the counter trade / Exchange trade
- Derivatives markets classification
“Cash forward” derivatives :
- Definitions - “how to use” :
- Forwards and Futures
- Risks
- Hedging/trading
- Leverage
- The Clearing House
Case Study: How to make money on a Future Stock market
- Swaps markets :
- IRS : Examples, how to use it ?
Case Study: How to hedge a fixed rate mortgage
- Currency swaps : Examples, how to use it ?
- Forex swaps : Examples, how to use it ?
- Credit derivatives :
- CDS : The most active product of this family - global comprehension
- iTraxx versus CDX
Case Study: Back to the crisis : How were CDS involved in such a cataclysm ?
“Conditional derivatives”: Options
- Calls and Puts : global comprehension
- Options are insurances
- The pay-off profiles : Buyers and sellers of options
- Options Parameters : Underlying, time, strikes, interest rates, volatility
- Greeks
Case Study: Let's play with a simple pricer
- How to use Options?
- Optional strategies: risk reversals, Straddle, Strangles
Case Study: How to hedge a cocoa harvest with options
- Interest rate options : Caps, Floors, Collars - vocabulary
- Introduction to swaptions
- FOREX options
- Exotic options : Looking for cheap insurance ?
- Introduction to risk management of options
- Options : Basics for structured products
Case Study: Gambling on the CAC40 !
Introduction to derivatives:
Which product can be classified as “derivative”?
Derivatives markets organisation
- Over the counter trade / Exchange trade
- Derivatives markets classification
“Cash forward” derivatives :
- Definitions - “how to use” :
- Forwards and Futures
- Risks
- Hedging/trading
- Leverage
- The Clearing House
Case Study: How to make money on a Future Stock market
- Swaps markets :
- IRS : Examples, how to use it ?
Case Study: How to hedge a fixed rate mortgage
- Currency swaps : Examples, how to use it ?
- Forex swaps : Examples, how to use it ?
- Credit derivatives :
- CDS : The most active product of this family - global comprehension
- iTraxx versus CDX
Case Study: Back to the crisis : How were CDS involved in such a cataclysm ?
“Conditional derivatives”: Options
- Calls and Puts : global comprehension
- Options are insurances
- The pay-off profiles : Buyers and sellers of options
- Options Parameters : Underlying, time, strikes, interest rates, volatility
- Greeks
Case Study: Let's play with a simple pricer
- How to use Options?
- Optional strategies: risk reversals, Straddle, Strangles
Case Study: How to hedge a cocoa harvest with options
- Interest rate options : Caps, Floors, Collars - vocabulary
- Introduction to swaptions
- FOREX options
- Exotic options : Looking for cheap insurance ?
- Introduction to risk management of options
- Options : Basics for structured products
Case Study: Gambling on the CAC40 !
Alain Bouijoux
Head of sales in London and Paris on a desk for foreign exchange and interest rate derivatives, Alain has evolved for over 10 years in the markets. He faced the needs of his clients as well as the requirements of traders and management obligations of back and middle offices. Today he puts that experience at your disposal to answer all your questions about markets and their actors.
Alain Bouijoux also teaches :
- Comprendre les marchés financiers (Catalogue Finance)
- Couvrir les risques de l’entreprise (Catalogue Finance)
- DCI (Catalogue Certifications)
- DCI – Le crédit immobilier : comprendre et évaluer les risques de taux (Catalogue Certifications)
- DCI – Le crédit immobilier : taux d’intérêt, comprendre et utiliser (Catalogue Banque & Assurance)
- DCI – Le Crédit immobilier, ses risques et le bilan bancaire (Catalogue Banque & Assurance)
- Evolution des banques et nouveaux outils de financement (Catalogue Finance)
- Financing European Economies : New tools for new issues (Catalogue English)
- Fundamentals of financial markets (Catalogue English)
- Gérer le risque de change (Catalogue Finance d'entreprise)
- L’essentiel des marchés financiers (Catalogue Finance)
- L’essentiel des marchés financiers pour la gestion financière (Catalogue Finance d'entreprise)
- La Banque et son environnement (Catalogue Banque & Assurance)
- Macroéconomie (Catalogue Finance)
- Perpetual subordinated debt : The issues (Catalogue English)
- Produits dérivés 1 : mécanismes et utilisations (Catalogue Finance)
- The basics of financial markets (Catalogue English)
- The basics of financial markets (Catalogue English)