This course is designed to cover the important concepts and practices of derivative trading in Hong Kong and around the world.

On completing this course, you should be able to:
a. Understand the nature of financial derivatives;
b. Understand the functions and risks associated with derivatives trading;
c. Explain the basic features, benefits and risks of the major categories of derivatives (including forward, futures, options and swaps);
d. Understand the concepts behind the pricing of the major categories of derivatives including the factors impacting their valuation;
e. Design a derivative strategy based on customer's needs and risk appetite; and
f. Understand the major categories of financial derivatives (exchange-traded vs. over-the-counter (“OTC”)).

Introduction
Section 1: Overview of Derivative Markets
Section 2: Futures and Forwards
Section 3: Options and Swaps
Conclusion

It is relevant to those PWM practitioners who would like to enhance their knowledge and skills in wealth management products.