Calculate forward rates and Discount Factors using Eurodollar futures contracts Price swaps using Eurodollar information Define the concept of convexity bias in futures pricing Learn More>>
Understand the market mechanics of key credit derivative instruments. Understand the basic principles upon which credit derivative pricing is based. Be able to complete basic steps in pricing credit derivatives. Become familiar with common applications of... Learn More>>
Describe the basic elements and mechanics of a forward transaction Determine what triggers a margin call and calculate the amount of margin required Explain how futures are used for speculative, hedging and arbitrage purposes Learn More>>
Understand the primary components of six equity derivative strategies Understand the investor's primary motivation for using each strategy Be familiar with the investor's potential profit/loss using each strategy under various market conditions Learn More>>
Identify key features of popular futures contracts Calculate P/L for various futures contracts Calculate conversion factors and delivery prices for UST futures Learn More>>
Calculate the theoretical value of an option, using a binomial tree Use basic statistics to derive option value Discuss how the characteristics of options affect their value Calculate the impact of volatility on an option Calculate the intrinsic value and time... Learn More>>
Explain the use and characteristic features of exotic options Contrast the payoff profiles and corresponding risks of various exotic options State the potential uses of exotic options in hedging Learn More>>
Calculate the coupon payments for an interest rate swap Price an interest rate swap by calculating the present values of the fixed and floating sides Derive a fixed rate for an interest rate swap Learn More>>
Describe what options are, how they work, and why they are used Determine the nature of the potential payoffs and inherent risks associated with basic option positions Discuss the mechanics of various popular option strategies Learn More>>
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