Investment Analyst Prep
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All learning paths
Derivatives and Risk Management
10 Lessons
Level 1
Identify the contract and its trading venue
Identify the contract and its trading venue
Foundations
Level 2
Who owes what under each derivative?
Who owes what under each derivative
Core
Level 3
Why an issuer or investor hedges
Why an issuer or investor hedges
Foundations
Level 4
Rebuild a derivative from simpler positions
Rebuild a derivative from simpler positions
Core
Level 5
Separate forward delivery price and later value
Separate forward delivery price and later value
Core
Level 6
Daily settlement changes the cash timeline
Daily settlement changes the cash timeline
Core
Level 7
Exchange cash-flow streams
Exchange cash-flow streams
Core
Level 8
Option rights, values and sensitivities
Option rights, values and sensitivities
Core
Level 9
Rebuild a payoff with put-call parity
Rebuild a payoff with put-call parity
Core
Level 10
Replicate a claim in two future states
Replicate a claim in two future states
Exam-ready