Financial Markets

Introduction to Derivatives and Hedging: Part 3 of 3

Course Overview:

This course describes the various types of swap and option contract arrangements/instruments that are available to market participants and discusses appropriate ways to use these derivative-based instruments to hedge exposed positions. Throughout the course, the unique characteristics of these arrangements/instruments are highlighted and explained, and their mechanics are exhibited in detailed examples and illustrations. Swap arrangements such as interest rate swaps, currency swaps, and credit default swaps, and the process for calculating swap settlement amounts, is reviewed. The course concludes with a detailed discussion of options trading and options markets, further examining put and call options and their uses, option payoff calculations, and options strategies including covered calls, spreads, and combinations.



Learning Objectives:

After completing this course, the course participant should be able to:
  • Identify the unique characteristics of swap agreements.
  • Recognize the differences between the various types of swaps.
  • Recognize appropriate hedging practices using swaps.
  • Identify the unique characteristics of option contracts.
  • Recognize the differences between option contracts and other types of derivative products.
  • Recognize appropriate hedging practices using option contracts.

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
    products since 1981. SmartPros provides services and content to its
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    ROM, and video. In the accounting market, SmartPros also has a predominant
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    Prerequisites/Advanced Preparation:

    Knowledge of accounting and finance concepts, and basic derivatives terminology and mechanics

    Speaker / Author:

    Michael J. Walker
    Mich'l J. Walker, CPA
    Mich'l J. Walker is a New England-based Certified Public Accountant with over fourteen years of accounting experience in the financial services, information technology services and construction industries. He is currently a Vice President at one of the largest financial institutions in the world. He has an extensive technical accounting background that includes hands-on experience with U.S. GAAP, Canadian GAAP and International Financial Reporting Standards (IFRS). His expertise includes the accounting for derivatives, fixed income investments & securitizations. He graduated from Bentley University with a B.S. in Finance (1995) and a M.S. in Accountancy (2000).

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 9 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Windows or Mac OS

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    Price (USD)

    Standard Rate: $49.90

    Details

    Course Code : 99WAL03c-v2

    Release Date : 03/24/2015
    Expire Date : 07/01/2020
    Credits :
    CPE 2.00
    QAS 2.00

    Length : 1hr 40min
    Course Level : Basic
    Course Type : New Standards
    Passing Grade : 70%
    Format Type : eLearning
    Field Of Study : Finance

    Theme : Financial Markets

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