DAY ONE

Registration and continental breakfast open at 7:30 a.m. Program begins at 8:30 a.m. and concludes at approximately 5:00 p.m. Lunch is included.

Options

•  Defining calls and puts
•  Types of underlying products: equity, interest rate, currency, index, credit, commodity

Option risk-reward characteristics and payoff profiles

• American, European, Bermudan, Asian
• Physical vs. cash settlement
• Payoff profiles of long and short puts and calls, straddles, collars and other combinations
• Option problems

Option pricing

• Factors affecting option prices
• Volatility, the VIX and the Greeks
• Black-Scholes option pricing model

Navigating the CBOE website and analysis of products

Convertible bonds

Warrants

Exotic options

• Binaries, outperformance, barrier, chooser, etc.  

DAY TWO

Continental breakfast opens at 7:30 a.m. Program begins at 8:30 a.m. and concludes at approximately 5:00 p.m. Lunch is included.

Futures and forwards

•  Equity, interest rate, currency, index, credit, commodity futures/forwards
•  Applications for banks and bank customers
•  Characteristics of futures and forwards
•  Physical vs. cash settlement
•  Hedging strategies
•  Counterparty risk and ISDA

Understanding futures contract specifications

Futures exchanges and their characteristics

The clearinghouse and performance bonds/margin

Navigating the websites of CME Group, DubaiMerc, etc.

How futures prices are determined

Futures spreads

Swaps

•  Interest rate, currency, equity, commodity, total return, credit swaps
•  Applications for banks and bank customers
•  Forward Rate Agreements
•  Computation of swap price

Credit derivatives

Structured products