Objectives
To make those attending familiar with essential concepts and applications for futures and options.

Help participants discover the derivative financial markets and instruments, in an introductory fashion, which will enable them, after this course, to go deeper into and increase their knowledge about these instruments in a more fluid manner.

The Course is an introductory one and, therefore, its essential objective is to highlight the most important aspects to get to know these markets.

It is a very useful course as preparation for the Higher Programme on Derivative Products (PFD), if participants have no prior knowledge of futures and options.

Participants
Professionals from financial entities who wish to acquire essential knowledge about these markets in a short period of time.

University students and postgraduates, as an addition to their education and to assess the interest that they may have in one of the most dynamic areas of the financial sector.

All those agents, investors or individuals who wish to have a clear knowledge about futures and options 

Programme
1. Financial Futures

- Introduction to the Futures Markets
- Organisation and working of Futures Market and other European markets
- Basic analytical instruments: TIRO concepts, duration, sensitivity, base and cost of carry
- The interest rate futures as coverage instruments
- German national bond
- 3 months Euribor. Comparative analysis with FRA
- Ibex-35, Euro Stoxx 50 and futures on shares

2. Financial options

- Basic concepts on options
- Valuation of options
- Options on shares and on futures
- Options on coverage instrument and speculation
- Strategy basics with options; simple and compound strategies
- Variable and fixed income portfolio management with options

Duration:  24 hours

Dates:  July

Hours:  From 17:00 to 21:00 h

Place:  IEF classrooms, Gran Vía, 670, 2º, - 08010 Barcelona