Introduction to Forwards and Futures
This module looks at some measures that help describe an option's sensitivity to the various factors that determine pricing. They are: Delta, Gamma, Theta, Vega, Rho and Psi — better known as the Greeks. This course replicates the content from module 1 of the course Forwards and Futures: Pricing and Risks.
CPE Credits: 1
Program Details (NASBA) View
Program Level | Intermediate |
Prerequisites | Derivative Instruments or equivalent level of knowledge. |
Advance Preparation | No advance preparation required. |
Recent Revision Date | June 4, 2015 |
Instructional Delivery Method | QAS Self Study |
Field of Study | Specialized Knowledge and Applications |
Duration : 1 hour
- Definitions of forwards and futures
- Spot vs. forward delivery
- Basics of pricing
- Characteristics of forwards
- Characteristics of futures
- Margin
- Cash settlement vs. physical delivery