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Subject overview


STUDY MODE

100% online

AQF LEVEL

N/A

NEXT INTAKE

4 Mar 2024

SUBJECT DURATION

12 weeks

SUBJECT FEE

$2,600.00


This subject focuses on derivative products and markets; an area which has grown in size over the past century, with the value of derivatives exposures now dwarfing that of stock and bond exposures. The subject examines market structure, participants and the products used for managing risk and/or trading for profit. Students analyse, price and trade forwards, futures, swaps and options. The subject examines key markets for these contracts including derivative exposures over equities, interest rates, foreign exchange and commodities.

This subject contributes to the investment analysis specialisation.

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Subject information

Learning Outcomes

On successful completion of this subject, individuals should be able to:

  • Assess the different types of derivative securities and instruments.
  • Analyse the structure, processing and regulatory framework of derivatives markets.
  • Value derivative exposures and construct options trading strategies.
  • Construct hedging, arbitrage and speculative trading strategies using equity derivatives.
  • Construct hedging, arbitrage and speculative trading strategies using short and long-term interest rate derivatives.
  • Construct hedging, arbitrage and speculative trading strategies using FX and commodity derivatives.

 

Topics covered

  1. Introduction to derivative securities and instruments
  2. Trading in derivatives
  3. Pricing of forwards, futures and swaps
  4. Options pricing
  5. Options trading and strategies
  6. Equity derivatives
  7. Interest rate derivatives- short-term
  8. Interest rate derivatives- long-term
  9. FX derivatives
  10. Commodities

Reading list

There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan Professional’s online databases. Individuals are encouraged to research and read widely on the topic.

Reading list

Assessments

Assessment TypeAssessedWeighting
Assignment 1Week 420%
Assignment 2Week 840%
ExaminationWeek 1240%

Previous study requirements

Assumed knowledge

Kaplan Professional assumes that individuals have completed FIN251 Fixed Income Securities or understand the content covered in this subject, prior to undertaking FIN351 Derivative Markets.

Course transition subject equivalence

Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects within the course completion timeframe:

  • E112 Futures Markets and Trading
  • E113 Options Markets and Trading
  • FIN229 Options Markets and Trading
  • FIN329 Futures and Options Markets and Trading

Key dates

Study Period 1

11 Dec 2023 - 29 Mar 2024

❌ Enrolments now closed

Early access opens 11 December 2023

Early access to assessments 21 December 2023

Study period commences 8 January 2024

Enrolments close/census 24 January 2024

Study period ends 29 March 2024

Assessment dates See assessment information

Study Period 2

5 Feb 2024 - 24 May 2024

✓ Enrolments open now

Early access opens 5 February 2024

Early access to assessments 19 February 2024

Study period commences 4 March 2024

Enrolments close/census 20 March 2024

Study period ends 24 May 2024

Assessment dates See assessment information

Study Period 3

1 Apr 2024 - 19 Jul 2024

✓ Enrolments open now

Early access opens 1 April 2024

Early access to assessments 15 April 2024

Study period commences 29 April 2024

Enrolments close/census 15 May 2024

Study period ends 19 July 2024

Assessment dates See assessment information

Study Period 4

3 Jun 2024 - 20 Sep 2024

✓ Enrolments open now

Early access opens 3 June 2024

Early access to assessments 17 June 2024

Study period commences 1 July 2024

Enrolments close/census 17 July 2024

Study period ends 20 September 2024

Assessment dates See assessment information

Study Period 5

29 Jul 2024 - 15 Nov 2024

✓ Enrolments open now

Early access opens 29 July 2024

Early access to assessments 12 August 2024

Study period commences 26 August 2024

Enrolments close/census 11 September 2024

Study period ends 15 November 2024

Assessment dates See assessment information

Study Period 6

30 Sep 2024 - 17 Jan 2025

✓ Enrolments open now

Early access opens 30 September 2024

Early access to assessments 14 October 2024

Study period commences 28 October 2024

Enrolments close/census 13 November 2024

Study period ends 17 January 2025

Assessment dates See assessment information

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