Introduction to Options

Delegates: Staff working in valuations, pricing,
custody, trustee or fund accounting roles

Topics covered include:

• Introduction to options
• Terminology
• Features
• Risks & rewards
• Options markets
• Uses of options
• Valuation of options
• Accounting for options
• Types of options
  – Options on securities
  – Index options
  – Futures options
  – Interest Rate options
  – Currency options
  – Exotic options

Introduction to Hedging Techniques

Delegates: Staff working in valuations, pricing,
custody, trustee or fund accounting roles

Topics covered include:

• Overview of risks in a portfolio
• Brief revision of hedging instruments
  – Futures
  – Options
  – Forward FX Contracts
  – Swap agreements
• How the instruments hedge the risks
• Evaluating the effectiveness of each ‘hedge’ using dummy portfolios
• Overview of IAS 39

Introduction to Futures

Delegates: Staff working in valuations, pricing,
custody, trustee or fund accounting roles

Topics covered include:

• Introduction to futures
• Terminology
• Features
• Exchange-traded futures
• Uses of futures
• Impact of margins
  – Initial margin
  – Maintenance margin
  – Variation margin
• Valuation of futures
• Accounting for futures transactions
• Types of futures
• Commodity futures
• Financial futures

Introduction to Swaps and
Forward FX Contracts

Delegates: Staff working in valuations, pricing,
custody, trustee or fund accounting roles

Topics covered include:

• Introduction to Swap agreements
• Interest Rate Swaps
• Equity Swaps
• Currency Swaps
• Total Return Swaps
• Credit Default Swaps
• Valuation & accounting for swaps
• Forward FX Contracts
• Definition & uses
• Valuation & accounting for contracts

Our Course Methodology