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Financial Derivatives
To provide a deep knowledge & applicability of financial derivatives.
Basics of Derivatives-Evolution of derivatives market, Indian derivatives Market, Market participants, Types of derivatives markets, Significance of derivatives, Market participants and their roles in the derivatives markets, OTC and Exchange Traded Market..
Introduction to Forwards contracts- Meaning of Forwards contract, Features of Forward contract Advantages disadvantages of forward contract, Difference between forward and spot contract, Working of Forward contract, and classification of forward.
Introduction to Future Contract: Meaning, features of Future contract, Advantages and disadvantages, Comparison between forward and future contract. Strategies for hedging, speculation and arbitrage in futures market. Future market operational guidelines.
Introduction to Options- Concept, features, Types of options, Distinction between options and futures Option Trading Strategies- Option spreads , Straddle, Strangle, Covered Call, Protective Put, Butterfly spread.
Swaps: Meaning, features, Advantages and disadvantages of swaps, Types of swaps. Currency Swaps- definition, features, and uses. Interest rate swaps- definition, features and Types. Economic motive for Swaps.
Trading , clearing and settlement System of derivative market
Legal and Regulatory Environment-Securities Contract (Regulation) Act, 1956, Securities and Exchange Board of India Act, 1992, Important rules and regulations in derivatives trading, Regulation in clearing & settlement and risk management
• Williams, Michacls, Fundamentals of Option Markets, Mc Graw Hill, New Delhi
• Hull, John, Introduction to Futures, Option market, Prentice Hall of India, New Delhi
• Redhead, Keith, Financial Derivatives- An Introduction to futures, forwards,option and swaps, Prentice Hall of India, New Delhi
• Bhole L.M., Financial Institutions and Markets, Tata Mc Graw Hill, New Delhi
• Pathak, Bharati V., Indian Financial System, Pearson Education, New Delhi.
• NCFM and NISM Modules.
• Prafulla Kumar Swain, Financial Derivatives, Himalaya Publishing House.
