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This workshop is an all encompassing program for the
finance professional new to futures. It explains the inter-relationship between bank
forward, swap, and exchange traded contracts. Participants will work with the mathematical
formulas so that they can appreciate and identify arbitrage opportunities, basis risk,
cost of carry, and convergence. The mechanics of the capital requirements are illustrated
in the trading strategy examples. In the trading examples, a clear distinction is made as
to motive (i.e. speculative, hedge, and anticipatory hedge). This workshop is usually
structured around currency applications. Modifications are available for any other type of
futures contract. This program is approximately twelve hours of lecture.
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