Fundamentals of Derivatives Valuation
Venue: Hong Kong
|Event Date/Time: Oct 23, 2009|
Derivatives have grown quickly both in popularity and complexity over recent years. An understanding of the mechanics and pricing of derivatives has become ever more important for trading, accounting, and risk management purposes.
The training course is intended to introduce participants to the concepts of derivatives pricing and to give them an understanding of how to value derivatives. No prior knowledge of financial derivatives is assumed. The course is suitable for anyone who has an interest in derivatives and who would like to develop an understanding of valuation methods.
An overview of the characteristics and uses of derivatives will be given. The basic elements of derivatives valuation â€“ discounting, no arbitrage, hedging, and volatility â€“ will be explained. Widely accepted analytical and numerical methods, such as Black-Scholes model and binomial trees, will be illustrated with examples. The course will also look at more advanced topics, including implied volatility, the Greeks, risk-neutral valuation, and exotic options.