London, Europe, MENA Time Zones
CPEs: 32
Instructor: Dr Gary van Vuuren
Level: Introductory / Refresher
Tuition: £3,195.00
Register Now

NEW CISI Certified – Understanding Derivatives TR033

Location: London, Europe, MENA Time Zones

First Date: Jun 28 - Jul 01 2021

Duration: 4 days/32 hours

Programme Director: Dr Gary van Vuuren

All Dates & Locations
Venue Details

Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.

All our 2021 Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.

"Thank you Dr Gary for a very good presentation. This will be of great help to my daily work."
Risk intern, Kuwaiti Bank, Kuwait
Agenda Highlights

Session 1:  Introduction to Derivatives

Session 2:  Underlying markets

Session 3:  Market Structure

Session 4:  Principles of Exchange-Traded Futures

Session 5:  Principles of OTC Derivatives

Session 6:  Principles of Clearing

Session 7:  Delivery and Settlement

Session 8:  Trading, Hedging and Investment Strategies

Session 9:  Regulatory Requirements

Session 10:   Mock Exam

"Excellent tutor. Loved the sense of humour too."
Risk intern, Kuwaiti Bank, Kuwait

Derivatives have become increasingly mainstream and have application throughout the investment industry.  With multiple choices of approach available this course takes delegates systematically through the range of products available as well as considering the risks and controls associated with their use.

Delegates will learn about the complex world of derivatives whilst also addressing the rules and regulations with which market participants must comply.


""What impact will produce the seminar on your daily work?' Extensive'.""
Fund Manager, Investment Bank, Kuwait
Who Should Attend

Designed for fund managers, analysts, treasury, risk management, back office, control and internal audit management and staff and anyone seeking to appreciate and understand derivatives and their uses.

Candidates for the Level 3 CISI Derivatives qualification will benefit from the in-depth exploration of the topics within the CISI syllabus, re-enforced learning through case studies, discussion, Q&A sessions and mock-exam practise and exam techniques.

Additional Course Information

What Does It Cover?

What is a derivative?, Forwards and futures, Contracts for difference, Options and terminology, Concepts and fundamentals of swaps, Risks associated with derivatives, Gearing and derivatives, Measures of exchange-traded liquidity, OTC v ETD products, Block trades, EFPs and flex products, Main markets and stakeholder, Liquidity providers, Money market contracts, Interbank deposits, Certificates of deposit and commercial paper, Trading in money market contracts, Foreign exchange contracts, Currency forward contracts – nature, markets, characteristics and use, Forward rates, Government debt and corporate debt, Bond issuance, Gilts and bond markets globally, Yield curves, return and maturity, Corporate bond market, Relationship between government and corporate bonds, Equity markets, Preference shares, Equity valuation, Corporate actions, Softs and agriculturals, Base and precious metals, Energy, Others including cryptocurrency, Exchanges and OTC trading, Trading venues, Nature of platforms, Trading strategies, OTC trading functionality, Trade registration and clearing mechanisms, Give ups and allocations, In-house and customer accounts, Matching and clearing arrangements, Commodity delivery issues, P&L calculation on futures and forwards expiry, Futures pricing, Cost of carry, Yield curves and basis risk, Cash/futures arbitrage, Options pricing, Option premium, intrinsic and time value, Put/call parity, The Greeks and their use, Dealing with premiums, Order type and instruction flow, Forwards, caps, floors, collars and swaps, Interest rate swaps and swaptions, FX and currency forwards, swaps and swaptions, Commodity forwards and swaps, Total return and asset swaps, Zero-coupon inflation products, Credit derivatives and credit events, Spread betting, Flex options, CFDs, SDA documentation, OTC collateral processes, OTC derivative pricing, Inflation swaps and structured products, OTC option products, Market transparency, trade reporting and monitoring, Exchange price feeds, Volume data, guarantees and settlement and much more.


Learning Objectives

Delegates will gain specialist technical knowledge and understanding of the regulations and practices in both financial and commodity derivatives, together with their underlying markets, trading approaches and application to investment strategies.

Subject matter expert- led, delegates will learn key concepts, techniques and experience applications in an on the job learning style using real-life and published case studies and problem-solving approaches.

Supplemental published study materials, software study tools, examination booking and registration is available through the CISI directly at or our Customer Services Team at Risk Reward. will be happy to help you place your orders and bookings. (These fees are additional to the training course fee.)



Social Learning & Methods

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.

(An invitation via email with access link is included for all participants.)


NEW CISI Certified – Understanding Derivatives

Course Fee

Early Bird Discounts of 10% available by May 15, 2021

Course Fee (per person):
GBP £3,195.00 (+ UK VAT when applicable)

Number of delegates:

Data Privacy & Update of Contact Details Risk Reward Limited is fully compliant with the Data Protection Act. The information you provide will be safeguarded by Risk Reward Ltd. We do not rent, sell or exchange your details to anyone without your consent. Your details are never given to third parties. If you wish to update your details, please email: with your OLD and NEW details. Please allow 10 days to see the changes take effect. Thank you.

Terms and Conditions: You can cancel at any time.Due to the on-going COVID 19 environment cancellations may be made at any time for either a full refund or a credit towards another event occurring within the following 6 month period. Simply email or telephone the London Client Services team at to advise your preference and we will do our best to accommodate your circumstances. Risk Reward Ltd receives the right to a final decision in the event of a dispute.

All Risk Reward public courses are guaranteed to run although those offered by affiliates are subject to demand
SKU: TR033 Categories: ,

Quick Contact

    Get in touch and see how Risk Reward can help you

    Our London team are ready to answer questions, provide information & choices to help make your public seminar booking in a prompt, professional & friendly manner.

    Get in touch and see how Risk Reward can help you

    Our London team is ready to listen carefully to your needs, take the brief, explore options, offer suggestions and help you in a professional and friendly manner.