Miscellaneous

Introduction to Derivatives and Hedging: Part 2 of 3 v2.1

This course focuses on two specific types of derivative instruments: forward contracts and futures contracts. The course begins with an overview of forward contracts and a description of the unique characteristics of those contracts. Hedging practices through the use of forward contracts is reviewed, and the calculation of a forward contract's payoff is exhibited with examples and illustrations. Forward pricing is discussed, and foreign exchange forwards and forward rate agreements are further defined and explained. The course concludes with a detailed review of futures contracts, and the subcomponents of futures markets, including futures exchanges, standardization features of futures contracts, market mechanics, the concept and use of futures margin and margin requirements, and the futures exchange clearinghouse, through which futures trades are cleared.

IMPORTANT: This course, previously titled "Introduction to Derivatives and Hedging: Part 2 of 3 v2.0" has been republished in our current course platform. Please be aware that the content is the same, with only minor updates. If you have already received credit for this course, you cannot receive credit again.

Learning Objectives:

After completing this course, the course participant should be able to:

  • Identify the unique characteristics of forward contracts.
  • Recognize appropriate hedging practices using forward contracts.
  • Calculate the payoff from a forward contract.
  • Calculate forward prices and describe the effects of arbitrage on forward pricing.


Prerequisites/Advanced Preparation:

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


Speaker / Author:

Michael J. Walker

Michael J. Walker CPA 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).

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Price (USD)

Standard: $49.90

Details

Course Code : 99WAL03b-v2A

Release Date : 03/16/2023
Expire Date : 03/31/2025
Credits :
CPE 2.00
QAS 2.00
Length : 1hr 40min
Course Level : Basic
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Finance

Theme : Miscellaneous

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