About the Course

The Certificate Course on Derivatives is a comprehensive professional development programme designed to equip members with in-depth knowledge and practical expertise in financial derivatives.

The course adopts a structured and application-oriented approach, covering the conceptual foundations, pricing methodologies, trading mechanisms, regulatory framework, accounting and taxation aspects of derivative instruments. It is designed to bridge the gap between theoretical understanding and real-world market practice.

Participants will gain proficiency in the use of derivatives for hedging risk, managing exposures, developing trading strategies, and identifying arbitrage opportunities. The programme emphasizes analytical rigor, strategic application, and hands-on market exposure to ensure participants are capable of navigating evolving derivative markets with confidence and competence.

The course integrates classroom learning with practical exposure, including case-based discussions, simulation exercises, and interaction with industry practitioners.

Key Initiatives

• Comprehensive and Structured Curriculum:
  The course is meticulously structured to cover the complete spectrum of derivative markets - beginning with foundational concepts of forwards, futures, and options, and progressing to advanced topics such as option pricing models (Binomial and Black-Scholes-Merton), option Greeks, credit derivatives, commodity derivatives, real options, and new derivative instruments.
  
  
• Strong Emphasis on Pricing and Risk Analytics:
  Dedicated modules on pricing of forwards and futures, option pricing models, and risk sensitivities (Greeks) ensure analytical rigor and quantitative understanding essential for professional application.
  
  
• Application-Oriented Hedging and Trading Strategies:
  Focused sessions on hedging using futures, option trading strategies, interest rate futures, and swaps (I & II) enable participants to design and implement effective risk management and trading strategies in real-world scenarios.
  
  
• Integrated Coverage of Market Infrastructure:
  Modules on futures markets, option markets, and trading & settlement mechanisms provide clarity on exchange operations, clearing systems, and regulatory processes governing derivative transactions.
  
  
• Exposure to Diverse Asset Classes:
  The curriculum extends beyond equity derivatives to cover interest rate derivatives, credit derivatives, and commodity derivatives, thereby offering multiasset class competence.
  
  
• Advanced and Contemporary Perspectives:
  The inclusion of real options and introduction to new derivative instruments equips participants with forward-looking insights into evolving financial innovations.
  
  
• Hands-on Algorithmic Trading and Simulation:
  Dedicated sessions on algorithmic trading and market simulation provide experiential learning, enabling participants to apply theoretical concepts using practical trading scenarios and analytical tools.
  
  
• Balanced Academic and Practical Delivery:
  The programme combines structured theoretical sessions with tutorials, casebased discussions, and interactive learning methodologies to ensure conceptual clarity and practical competence.

• Introduction to Forwards, Futures and Options
• Futures Markets
• Pricing of Forwards and Futures
• Hedging using Futures
• Interest Rate Futures
• Swaps - I
• Swaps - II
• Option Markets - I
• Option Markets - II
• Option Pricing - Binomial Model
• Option Pricing - Black-Scholes-Merton Model
• Trading and Settlement
• Option Trading Strategies
• Option Greeks
• Credit Derivatives
• Commodity Derivatives
• Introduction to New Derivative Instruments
• Real Options
• Hands-on Algo and Trading Simulation

• Assessment test fee: Rs.1000/-+GST fee is applicable only if the participant is unable to clear/take the Assessment test in their first eligible attempt
• A participant will be allowed a maximum of 4 attempts to pass the assessment. If a candidate is unable to qualify/take the assessment after 4 attempts within two years, a fresh registration is required to complete the course.

• Requests for refund or admission cancellation must be received at least one week before the Certificate Course starts.
• A deduction of 10% of the gross fee paid (including GST) will be applied, in accordance with ICAI norms.
• No refund requests will be accepted once the course has commenced.