Derivatives Fundamentals
Forwards, futures, options and swaps — pricing, hedging applications and the emerging Egyptian framework.
Programme overview
Prepares intermediaries for the introduction and expansion of derivative instruments in Egypt, covering economic purpose, pricing logic and the control environment a licensed firm must build before trading.
Includes payoff construction, margin mechanics and a hedging case for an EGP-exposed corporate balance sheet.
Key learning outcomes
- 01Explain the economics of forwards, futures, options and swaps
- 02Price a forward and value a plain vanilla option
- 03Build payoff and break-even diagrams for common strategies
- 04Apply derivatives to currency and rate hedging problems
- 05Set out margin, collateral and clearing requirements
- 06Identify the licensing and control obligations for derivatives desks
Curriculum
Forwards & futures
Cost of carry, basis, margining and settlement.
Options
Payoffs, Black-Scholes intuition, greeks and volatility.
Swaps
Rate and currency swaps, valuation and documentation.
Hedging applications
Corporate FX, rate and equity exposure cases.
Controls
Limits, valuation policy, clearing and regulatory perimeter.
Prerequisites, assessment & certification
Prerequisites
Fixed Income Markets or Equity Markets & Valuation.
Assessment
Written examination plus a hedging case submission.
Certification
ECMF Academy advanced certificate.
Other programmes in this track
Reserve a place on the next cohort
Member firms receive preferential rates and can nominate delegates directly through the secretariat. In-house delivery is available for cohorts of ten or more.