FUNDAMENTALS OF FINANCIAL DERIVATIVES
Année du cours : 3 année(s)
Etablissement : IÉSEG School of Management
Langue : English
Formation(s) dans laquelle/lesquelles le cours apparait :
Période : S2
Basic notions in financial mathematics (present value of a cash flow).
Understanding of classical financial products (shares, bonds…)
– understand the general principles of derivatives markets
– define what are futures, forwards, swaps,and options; explain how they can be used to hedge a position; compare the advantages and drawbacks of those products, their risks; compute their price
– describe the most common credit risk derivatives
1. generalities about derivatives: historical, absence of arbitrage principle…
2. forward contracts, with focus on FX forwards and FRAs
3. futures, with focus on 3M interest rate futures
4. swaps, with focus on interest rate swaps
5. options
6. credit default swaps; securitization, how did the crisis in 2007 started
