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Our courses are intended for a global audience, with each one being completely customisable to suit the needs of the individuals it is being delivered to.

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Derivatives Fundamentals

  • Banking and Financial Markets, Corporate Treasury, Derivatives, Documentation, Equity Markets, Foreign Exchange, Fund Management, Risk and Credit, Trading and Technical Analysis
  • Information

    This Two-Day course should be attended by anyone needing to know more about derivatives, including, treasurers and their staff, accountants and auditors, financial controllers, bankers, credit and legal professionals.


    This programme will give participants a thorough background and understanding of the main derivative products, both exchange traded and over the counter (OTC). These are futures, options and swaps with a step-by-step guide to the products, applications, risks and documentation. We also introduce participants to credit derivatives and focus on how the market is structured and the various participants. We review market developments such as Straight Through Processing (STP) and the importance of timely and efficient settlement of trades.


    Day One

    Session 1:

    Market background

    • Definition

    • Futures, FRAs, Options, Swaps

    • Exchange Traded VS Over the counter (OTC)

    • Credit Risk and Gearing

    • Overview of Documentation - ISDA

    Session 2:

    Market Participants

    • The Sell side VS The Buy side

    • Brokers and Custodians

    • Information providers, IT specialists

    • Post trade processing agents

    Session 3:

    Underlying asset classes:

    • Interest rates

    • Currency

    • Equity

    • Commodities

    • Credit

    Session 4:

    Financial futures

    • Definition and key features

    • Terminology

    • The role of the Clearing House

    • Market operations;

    • Initial and Variation Margin calculations

    • Marking to Market

    Session 5:

    Forward Rate Agreements (FRAs)

    • Definition and key features

    • Terminology

    • Understanding forward/forward rates

    • Examples and Applications

    Day Two

    Session 1:

    Interest Rate and Currency Swaps

    • Definition and key features

    • Terminology

    • Range of swap types including “vanilla”, fixed/floating, basis and currency swaps,

    • Risk management with swaps

    Session 2:


    • Definition and Key features

    • Terminology and the basics of volatility

    • Traditional VS exotic options

    • Currency and Interest Rate Options

    Session 3:

    Credit Derivatives

    • Definition and key features

    • Buying and selling credit protection

    • What is a Credit Event?

    • Credit Default Swaps;

    • Applications and examples

    Session 4:

    Understanding the Business Process

    What happens after the dealer says "Done"

    • Trade Capture

    • Validation/Enrichment

    • Inward/outward confirmations

    • Fixings

    • Settlement

    • Investigations

    Session 5:

    Market Initiatives

    • Straight Through Processing (STP)

    • Central Counterparty (CCP)

    • Using Portals

    Course Close

    Register interest

    As every course we run is tailored to meet the specific needs of each client, we can only provide an estimate after fully understanding your specific requirements. Please complete the form below of call +44 (0) 208 894 4977 to discuss how Taylor Associates can help you.

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