Course description
CISI Certificate in Capital Markets - Derivatives
The CISI Capital Markets programme is a wide range of qualifications for individuals working within the financial services industry. Our CISI Capital Markets programme has been designed specifically for professionals looking to further their career in financial services.
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Upcoming start dates
Suitability - Who should attend?
It is suitable for practitioners involved in the securities and / or derivatives sectors. This entry-level qualification for the Capital Markets / Wholesale Sector is increasingly used as a benchmarking tool by major banks and investment firms to ensure that staff possess practical knowledge which can be immediately applied to business activities.
No previous qualifications are required.
Training Course Content
Unit-3: Derivatives
We begin with an introduction to futures and options and discuss much of the terminology that it is important to understand. We also consider the cash products that underlie derivative contracts. We then move on to discuss derivative exchanges and consider the trading platforms and clearing mechanisms used.
We analyse how futures and options are priced and examine a number of arbitrage trades. With particular emphasis on NYSE Euronext.liffe, we discuss trade reporting requirements, order types and the need for trade registration.
Over the counter (OTC) derivatives offer much more flexibility than exchange-traded derivatives. We discuss a wide range of OTC products including forwards, swaps, structured products and options.
We then examine the principles of clearing, margining and settlement, with the emphasis on LCH.Clearnet. We will also consider how market participants employ a variety of options strategies when hedging or speculating. Finally, we look at how regulations are applied in the main derivatives markets.