Derivatives - Level 1


The main objective of this course is to provide participants with a sound understanding of the meaning of the derivatives market and learn how different derivatives instruments function. The course includes in-depth discussions of the main features of these instruments, the associated risks, and the pricing. It also focuses on the analytical skills required to calculate the pricing, the total in-cost and total income generated by these instruments.

Course Details

Upon successful completion of this course, participants will be able to:

  • Describe the value and the risks involved in trading each derivative
  • Define Forward Rate Agreements (FRAs)
  • Define Futures and calculate futures price (stock futures, commodity futures, and currency futures)
  • Define Options
  • Calculate the FRA Settlement amount, Option Payoffs and Profit
  • Forward Rate Agreement
  • Futures
  • Options (Calls and Puts)

Staff recently involved in or about to become involved in dealing with derivatives in their banks, treasury operations staff who need an overview of the instruments in order to understand the back office implications, treasury sales desk dealers, investment officers, finance managers working for corporations, corporate department staff who use derivatives to hedge their clients’ foreign exchange & interest rate risk, risk managers, derivatives system developers, legal advisers and lawyers, and auditors.

Participants are expected to have a considerable background in fundamental mathematics and completed basic courses on Foreign Exchange.

This course consists of lectures, discussions, in-class exercises and multiple-choice questions. Participants are also expected to complete an additional 5 hours of self-study.

Note: This course is examinable

Duration: 3 Days (5 hours per day) with the exam on the final day

Date:       23-25 Apr

Lecturers: BIBF Faculty

Fees: Member Organisations

  • GCC Nationals: Covered by Levy
  • Other Nationalities: BHD 75

Fees: Non-Member Organisations

  • All Nationalities: BHD 300


A calculator is required for this course.

Registration Form