Derivatives market Fundamentals
The DFC® provides a general understanding of derivatives, such as forwards, futures, swaps and options, and their use by investors and corporations.
- Derivatives what they are, types, where they trade, etc.
- Key differences between exchange-traded and over-the-counter products
- Exchange-traded options, pricing, hedging, speculating
- OTC options like caps, floors, collars and exotics
- Swaps including basic features, role of the swap dealer, and types
- How investment funds and structured products use derivatives
- The function of exchanges and clearinghouses
- Futures contracts (basic features, types pricing, hedging, speculating)
- OTC forwards and other futures contracts
- The inherent risks and the need for understanding, objectives, and controls
- Interactive resources including textbook material in PDF format
- Interactive exercises and practice quizzes
- Course updates
- A customizable calendar
- Access to online discussion forums and assistance from CSI's academic support specialists
|Approximate Hours of Study**|
|Hours of Study||60 - 90 hours|
** In order to provide some guidance to course participants as to the length of time it will take to be sufficiently prepared to write the final examination, CSI has prepared this estimate of the number of hours an average participant could possibly expect to spend studying for a course. Please note that these are only recommended hours of study developed based on research and our course content, however, this does not mean that some students with exceptional backgrounds would not take less time than recommended or that students with no background at all in finance or economics would not take longer than the maximum.
(weightings are approximate)
|An Overview of Derivatives||3%|
|How Investment Funds and Structured Products Use Derivatives||5%|
|Exam Format||Paper Or Computer Based|
|Exam Length||2 Hours|
|Question Format||Multiple Choice|
|Questions Per Exam||65|
|Attempts Allowed Per Exam||3*|
|Enrolment Period||1 year†|
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