Course Category

Derivative Instruments - Online

Forwards, futures, options, swaps – this curriculum explains the fundamentals of different derivative instruments. Tools used in hedging and speculating strategies are reviewed, as well as ways in which these tools are used by both individual and institutional investors around the world. The course covers futures pricing, the Greeks and the various options positions, and explains the basic structure of plain vanilla swaps and how corporations use swaps to manage their risk. It ends with a discussion of how futures and options are traded and the use of margin.

Please note that this is a curriculum of individual course modules. You will need to pass each module exam in order to qualify for a certificate of completion.

This is an asynchronous eLearning program that can be accessed 24/7 from any internet enabled computer. Access for completion of this class is 91 days.

• Distinguish between forward and futures contracts
• Recognize how forward and futures contracts work
• Identify methods using forwards and futures for hedging and speculation
• Recognize the terms used when investing with options
• Describe basic option strategies
• Determine the appropriate option vehicle for different investment goals
• Differentiate between covered and uncovered positions
• Describe the relationship of the factors affecting the price of an option
• Understand how futures and options are traded
• Identify margin requirements
• Describe the effects of margin on option and futures trading.
• Define a swap.
• Identify the structure of a swap agreement.
• Distinguish applications of swaps
• Recognize how swap agreements are facilitated.