Program in Forwards and Futures

Derivatives are used by many entities to reduce risks arising from adverse market movements. Forward and Futures contracts are the 2 most basic derivative instruments that, in their modern form, have existed for many decades. This course provides an introduction to futures and clarifies the similarities and differences between forwards and futures.

You will not only learn the meaning of a futures contract but also gain an understanding of the differences between forwards and futures. You will explore the evolution of futures contracts from infancy to their current form. After completing this course, you will a complete understand of the concept and usage of margin and daily settlement. You will also learn about the various types of futures contracts regularly used by various entities.

After completing this course, you will be able to: –

• Understand the concept of risk management and how derivatives help manage risks.
• Recapitulate the meaning and various features of a forward contract.
• Explain the concept of a reference rate and specifically gain an understanding of LIBOR.
• Descrive the sgnificance of a reference rate, such as LIBOR, for interest rate markets.
• See what a FRA market looks like in real life.
• Learn the meaning of a futures contract and various types of futures.
• Understand how a futures contract is different from a forward contract.
• Recognize how significant default risk is for derivatives.
• Describe how futures have evolved over time.
• Learn what standardization means and what it looks like for a real-life futures contract.
• Enumerate various market participants active in futures market and their motives.
• State the mechanics of a typical futures contract and the role of a clearing house.
• Understand the concept and types of margin and the rationale for their existence.
• Describe the M2M process and its exact mechanics.
• Explain how M2M helps exchanges eliminate the default risk.
• Enumerate the methods of terminating a futures contract.
• Learn some complicated features of interest rate futures and the IMM index.

Eligibility – Anyone who has passed 10+2 or an equivalent exam or is currently pursuing undergraduate studies in any field.

Pre-requisites – Complete our free courses titled “Introduction to Finance” and “Introduction to Derivatives” in order to acquire the required basic knowledge.

Suitability

This course is most suitable for: –

• Students from any background and discipline
• Working professionals with very little knowledge of derivatives
• Budding entrepreneurs needing a quick refresher
• Fresh graduates from any branch or stream
• Anyone with no knowledge of but keen interest in derivatives

This is a paid course.

The price is Rs. 2000 + GST.

Please contact support@futuresfirstacademy.com to make the payment and we will take care of your enrollment.