WORKSHOPS

- Register and complete the payment through the official training website.

- Upon successful registration, an invitation email—including the access link, workshop resources, and Pre- & Post-Assessment links—will be sent one day before the workshop.

This workshop program will introduce the participants to the world of derivatives and how derivatives are used by industry professionals for hedging strategies.

This workshop is designed for middle and senior staff of the capital markets authority and other institutions regulated by the authority in interaction with portfolio and funds management.

Certificate of participation issued by UASA & CMA.

INTRODUCTION 

• The basic concepts and fundamental characteristics of forward and futures 

   contracts

• The basic concepts and fundamental characteristics of options contracts

• The basic concepts and fundamental characteristics of swaps

RISKS, REWARDS AND FEATURES ASSOCIATED WITH DERIVATIVES

• The risks and rewards associated with derivatives:

rewards

counterparty risk

market risk

liquidity risk

operational risk

• The main features and differences of OTC traded products in contrast to exchange-traded products

TRADING, HEDGING AND INVESTMENT STRATEGIES 

• The categories of users of derivatives and structured products and their respective        use of derivative products:

hedger

speculator

arbitrageur

• The use of derivatives for speculation and hedging:

• How to create basic synthetic options and futures

• The characteristics and effects of vertical and horizontal spreads

• The characteristics and effects of long and short straddles and strangles

• The importance of hedging ratios in cheapest to deliver (CTD) bonds

• Hedge ratio calculation for other short-term interest rate futures and equity futures

• Basis, basis trading and basis risk

• Calculate (through the knowledge gained above), a derivatives position with an underlying market equivalency, either to establish or to hedge a required exposure

• Understand the uses and advantages of covered calls and protective puts

• Understand the relative attractiveness of derivative positions or investments to specific client circumstances