{"id":2203,"date":"2022-08-28T00:16:24","date_gmt":"2022-08-28T00:16:24","guid":{"rendered":"https:\/\/www.master203.com\/?page_id=2203"},"modified":"2022-08-28T00:16:24","modified_gmt":"2022-08-28T00:16:24","slug":"financial-derivatives","status":"publish","type":"page","link":"https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/","title":{"rendered":"Financial Derivatives"},"content":{"rendered":"

FINANCIAL DERIVATIVES<\/h3>\n

Professor<\/h5>\n

\"\"<\/p>\n

AYMERIC KALIFE - <\/strong>CEO, iDigital Partners,Adjunct\u00a0Universit\u00e9 Paris - Dauphine<\/p>\n

Course objectives<\/h5>\n

The objective of this course is to give an all round comprehensive knowledge and understanding of the theory and the day-to-day use of derivatives contracts. Participants will learn how banks and corporate treasuries use Financial Options alike in the management of risks, for trading, hedging and arbitrage and their role in the day-to-day running of the finances of businesses. Starting from some basic knowledge of cash equity and equity derivatives market, and based on real option trade ideas capitalizing on a \u201cnuanced\u201d market view, it equips the audience with the skills to price and risk manage the most common and complex options, by explaining and dissecting the risks associated with trading a derivative from a risk\/return\/cost perspective by means of real life examples.<\/p>\n

The class uses MS Excel Spreadsheet applications and Visual Basic extensively, involving the use of market data&Fixed Income Market Research publications.<\/p>\n

Course outline<\/h5>\n

I. Derivatives products features overview<\/strong><\/p>\n

    \n
  • Derivative Market overview<\/li>\n
  • Mechanics of Delta One derivatives (Futures & swaps)<\/li>\n
  • Mechanics of Options Markets<\/li>\n<\/ul>\n

    II. Capitalizing on a \u201cnuanced\u201d view using derivatives<\/strong><\/p>\n

      \n
    • Specific market situations where derivatives go beyond cash<\/li>\n
    • Tailoring a derivatives strategy to a specific market situation<\/li>\n
    • Capitalizing on a risk\/return\/cost profile using derivatives<\/li>\n<\/ul>\n

      III. Arbitraging using derivatives<\/strong><\/p>\n

        \n
      • Asymmetry between market rise and fall: \u201cthe skew\u201d<\/li>\n
      • Short-term crash fears: jumps and \u201cfat tails\u201d<\/li>\n
      • Long-term uncertainty: the volatility term structure<\/li>\n<\/ul>\n

        IV. Hedging using derivatives<\/b><\/p>\n

          \n
        • Dynamic hedging: \u201cDelta hedging\u201d using Futures<\/li>\n
        • Static hedging: trading \u201cGamma and Vega hedging\u201d using options<\/li>\n
        • P&L and hedging issues in practice<\/li>\n<\/ul>\n
          References<\/h5>\n

          HullJ., Options, Futures, & Other Derivatives, Prentice Hall.<\/p>\n

          WilmottP., Derivatives: The Theory and Practice of Financial Engineering<\/p>\n

          Assessment<\/h5>\n

          Homeworks, Final exam<\/p>","protected":false},"excerpt":{"rendered":"

          FINANCIAL DERIVATIVES Professor AYMERIC KALIFE - CEO, iDigital Partners,Adjunct\u00a0Universit\u00e9 Paris - Dauphine Course objectives The objective of this course is to give an all round comprehensive knowledge and understanding of the theory and the day-to-day use of derivatives contracts. Participants will learn how banks and corporate treasuries use Financial Options alike in the management of […]<\/p>","protected":false},"author":1428,"featured_media":0,"parent":1892,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2203","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nFinancial Derivatives • Strat\u00e9fi 203<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"\/en\/https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Derivatives • Strat\u00e9fi 203\" \/>\n<meta property=\"og:description\" content=\"FINANCIAL DERIVATIVES Professor AYMERIC KALIFE - CEO, iDigital Partners,Adjunct\u00a0Universit\u00e9 Paris - Dauphine Course objectives The objective of this course is to give an all round comprehensive knowledge and understanding of the theory and the day-to-day use of derivatives contracts. Participants will learn how banks and corporate treasuries use Financial Options alike in the management of […]\" \/>\n<meta property=\"og:url\" content=\"\/en\/https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/\/\" \/>\n<meta property=\"og:site_name\" content=\"Strat\u00e9fi 203\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.master203.com\/wp-content\/uploads\/2022\/08\/Derivatives.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/\",\"url\":\"https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/\",\"name\":\"Financial Derivatives • Strat\u00e9fi 203\",\"isPartOf\":{\"@id\":\"https:\/\/www.master203.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.master203.com\/wp-content\/uploads\/2022\/08\/Derivatives.jpg\",\"datePublished\":\"2022-08-28T00:16:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/#primaryimage\",\"url\":\"https:\/\/www.master203.com\/wp-content\/uploads\/2022\/08\/Derivatives.jpg\",\"contentUrl\":\"https:\/\/www.master203.com\/wp-content\/uploads\/2022\/08\/Derivatives.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/www.master203.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Master 203\",\"item\":\"https:\/\/www.master203.com\/en\/le-master\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Financial Derivatives\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.master203.com\/en\/#website\",\"url\":\"https:\/\/www.master203.com\/en\/\",\"name\":\"Strat\u00e9fi 203\",\"description\":\"Association\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.master203.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial Derivatives • Strat\u00e9fi 203","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"\/en\/https:\/\/www.master203.com\/en\/le-master\/financial-derivatives\/\/","og_locale":"en_US","og_type":"article","og_title":"Financial Derivatives • Strat\u00e9fi 203","og_description":"FINANCIAL DERIVATIVES Professor AYMERIC KALIFE - CEO, iDigital Partners,Adjunct\u00a0Universit\u00e9 Paris - Dauphine Course objectives The objective of this course is to give an all round comprehensive knowledge and understanding of the theory and the day-to-day use of derivatives contracts. 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