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  Derivative securities

Topics in this training module include:

  • forwards, futures, options;
  • interest-rate derivatives: bonds, bond options, swaps, swaptions, floors, caps, collars, etc.;
  • commodity derivatives;
  • the Black-Scholes model;
  • term-structure models;
  • the Heath-Jarrow-Morton framework;
  • multinomial trees;
  • finite difference methods;
  • Monte-Carlo simulations;
  • etc.