To provide knowledge about the functioning of derivatives markets, the features of various products, the classification of products, the regulatory framework and the margining mechanism.
Nature of financial derivatives including futures and options
Characteristics of derivatives, Underlying assets (Equity, Bonds/Loans, Foreign Currency, and Commodity) Need for derivatives, Types of derivatives and comparison between them, Forwards/ Futures/ Options, Participants in the derivatives market (Hedgers, Speculators, Arbitrageurs)
Principles of trading and hedging with Index Futures
Terminology - Spot, future price, contract specifications, contract cycle, expiry date, settlement date, basis, mark to market, Contract specification for BSE Sensex, Tick size, Types of orders, Trading strategies, Hedging Strategies, Initial, Maintenance Margins, Executing and Clearing, Execution, Matching confirmation, Clearing Mechanism, Settlement, Settlement price, Settlement cycle, Cash v/s Physical delivery, "Open interest" and "Trading volumes"
Principles of trading and hedging with Options
Terminology - call, put, writer, buyer, premium, intrinsic value, time value, expiry date, settlement date, strike price, ATM, OTM & ITM, The Greeks - (Delta, Gamma, Theta, Vega).
Participants attending the entire course shall be eligible to receive Participation Certificate from the BSE Training Institute.
Derivatives Dealers, Stock Brokers, High Net Worth Investors, Portfolio Managers, Insurance Companies, Banks, Financial Institutions and Management Students, Retired Investors.
DURATION & TIMINGS
9.30 am to 5.30 pm
Rs. 2,200.00 + 10.30% (Service Tax + Education Cess) per participant inclusive of course material, tuition fees, snacks and lunch.