School of Derivatives

Euromoney Learning
Training overview
Professional Course
5 days

Course description

School of Derivatives

This five-day programme will provide you with a thorough understanding of the derivatives market, the main instruments and products used, and how banks use derivatives to manage their own exposures and provide practical solutions to their customers.

This School combines interactive lectures, worked examples and real-world case studies to ensure the learning experience is highly practical and relevant. We will examine various models to help you gain a practical understanding of option pricing and risk management - but not the mathematics behind the models. As such, no advanced level mathematics is required for this module.

Training content

The School of Derivatives is comprised of two separately bookable modules:

  • Module 1: Non-option Derivatives Products (Days 1-3)
  • Module 2: Options & Structured Products (Days 4-5)

Module 1: Non-option Derivatives Products (Days 1-3)

The first module looks into non-option derivatives products in equity, FX and interest rates, starting with the short term derivatives markets and how the basic building block of all derivatives – a forward contract – is derived for different asset classes.

We will then move on to the longer term markets to gain a robust understanding of how interest rate and cross currency swaps are used, priced and traded. You will learn about the link between interest rate derivatives and the fixed income markets, risk management methodologies used by investment banks, counterparty credit risk, and how the classical approach to pricing has been challenged following the crisis. You will also learn how to use an Excel based swap price through various practical exercises on pricing and risk management.

Module 2: Options & Structured Products (Days 4-5)

The second module provides a detailed analysis of the financial risks and trading strategies of options as well as some commonly traded structured products. Excel spreadsheets with a built-in Black Scholes model will be used extensively to illustrate key risk management concepts. As well as outlining how to use options for hedging purposes, this course will also present common option trading strategies and teach you, from first principles, how to construct, price and risk manage some of these common structures.

In the case of more complex structures, you will develop an intuitive understanding of the product and the inherent risks, including those that are not hedgeable, to which the investors and the structuring banks are exposed.

Laptops (with Excel installed) are required to allow you to complete case studies and practical exercises.


The cost of this programme is $5,595. 

FTS Eligible

This programme is approved for listing on the Financial Training Scheme (FTS) Programme Directory and is eligible for FTS claims subject to all eligibility criteria being met.

Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants' business activities or job roles.

The FTS is available to eligible entities, at a 50% funding level of programme fees, subject to a cap of $2,000/participant/programme and all eligibility criteria being met. FTS claims may only be made for programmes listed on the FTS Programme Directory with specified validity period. Please refer to for more information.

Please note that this course is only eligible for FTS Funding when registering for both modules of the five-day School of Derivatives programme.

About Euromoney Learning

Euromoney Learning

We develop bespoke learning experiences with the perfect blend of technologies and techniques to help you succeed. An organisation’s ability to continuously learn and evolve rapidly is the ultimate competitive advantage. To achieve your strategic goals, it is essential to...

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Euromoney Learning

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