Definition, Types, Forward Contracts, Futures Contracts, Options, Swaps, Differences Between Cash and Future Markets, Types of Traders, OTC and Exchange Traded Securities, Types of Settlement, Uses and Advantages of Derivatives

Specifications of Futures Contract, Margin Requirements, Marking to Market, Hedging Using Futures, Types of Futures Contracts, Securities, Stock Index Futures, Currencies and Commodities, Delivery Options, Relationship between Future Prices, Forward Prices and Future Spot Prices. (Only Theoretical Aspects)

Definition, Exchange Traded Options, OTC Options, Specifications of Options, Call and Put Options, American and European Options, Intrinsic Value and Time Value of Options, Option Payoff, Options on Securities, Stock Indices, Currencies and Futures, Options Pricing Models, Differences Between Futures and Option Contracts.(Only Theoretical Aspects)

Definition of SWAP, Interest Rate SWAP, Currency SWAP, Role of Financial Intermediary Warehousing, Valuation of Interest Rate SWAPs and Currency SWAPs, Bonds and FRNs, Credit Risk. (Only Theoretical Aspects).

Evolution of Derivatives Market in India, Regulations, Framework, Exchange Trading in Derivatives, Commodity Futures, Contract Terminology and Specifications for Stock Options and Index Options in NSE, Contract Terminology and Specifications for Stock Futures and Index Futures in NSE, Contract Terminology and Specifications for Interest Rate Derivatives.