Essentials of financial derivative instruments (S1215)

This program aims to present the features, risks and uses of financial derivatives for non practitioners, in a clear, practical way with numerous realmarket examples.

• General about derivatives instrumentsand markets:
  • OTC market vs exchanges;
• Introducing forward products:
  • futures and forwards onstock indexes;
  • IRS swaps;
  • options on stocksand stock indexes;
  • bonds & interest rates;
  • currencies;
• Commodities:
  • principle & main uses (hedging, speculative trading).
• Credit derivatives:
  • the default risk concept and measure;
  • contractual aspects (ISDA).
• Products:
• CDS, TRS.