Demystifying Financial Derivatives

Financial Derivatives have been in existence in the markets for over 150 years – in fact the first reference to some form of the modern day Financial Derivative is found in the Futures markets that were function in Chicago in the 1850’s. Over the years a more formalized structure came into place – the most significant fillip in this regard was the seminal work of Fisher Black and Myron Scholes in 1973. Since then, the development of Financial Derivatives and its extensive use in the Financial sector has been synonymous with the stupendous growth in the financial sector itself. The 1980’s and the 1990’s saw tremendous growth in the Financial Sector and a lot of it was directly fuelled by the growth and development of the use of derivates in this area.

The aim of this program is to target the Traders and Desk Heads of Banks, Financial Institutions and Corporate entities exposed to various different derivative products for both investment as well as risk management purposes and take them through the various issues related to such products, especially in the context of valuation and usage of derivatives for speculation and risk management. The program shall also help practitioners to develop new and innovative products.

In particular, the program shall look at:

• Understanding the need for derivatives in the financial sector

• Specifics about the utility of derivatives in all areas of finance

• Issues in valuation of derivatives as well as its usage as hedge instruments

The potential but not necessarily an exhaustive list of topics is as follows:

• An introduction to the field of derivatives – with particular reference to financial derivatives

• Economics aspects of Derivatives with particular reference to the Indian scenario

• Futures and Forward Contracts – in particular equity futures and currency forwards

• Plain Vanilla Equity and Currency Options

• Exotics or Structured Products on Equity and Currency

• Options Greeks

• Interest Risk Futures

• Interest Rate Options

• Interest Rate Exotics

• Swaps and Swaptions

• Credit Derivatives – particularly Credit Default Swaps

• Commodity Markets and Commodity Derivatives

The target group, though not exclusively restricted to, is:

• People working in the BFSI domain of IT companies.

• People employed with Mutual Funds.

• Employees of Brokerage Houses

• Banking and Investment Banking professionals

Professor Sankarshan Basu is a faculty at the Indian Institute of Management, Bangalore in the Finance and Control area. Sankarshan has received his B.Sc degree from Presidency College, Calcutta and M.Sc. degree from the Indian Institute of Technology, Kanpur, and went on to obtain his Ph.D. in Statistics from the London School of Economics and Political Science. Sankarshan started his career as a faculty at the London School of Economics and Political Science before moving to Heriot Watt University, Edinburgh. He then moved to the finance industry and joined ICICI Ltd. at their Mumbai offices. Sankarshan moved back to academics and joined IIM Bangalore from ICICI Limited. Sankarshan has also taught in various other universities across the word and is a consultant to a number of banks, financial institutions and other corporate entities in India.

Dr. Sunil Parameswaran
CEO, Tarheel Consultancy Services, Bangalore
Visiting faculty at IIM Bangalore

Dr Sunil Kumar Parameswaran, PhD, Duke University, North Carolina, USA and PGDM from IIM, Bangalore. He is a Business School Professor, Corporate Trainer and Management Consultant. He is experienced in delivering solutions for Banking & Finance and Utilities on information security, IT risk, and IT compliance. Experienced in Governance, Risk & Compliance processes. Strong experience in managing multiple project teams and client relationship management.

His clientele include HCL, Wipro, Mindtree, Soceite Generale, ANZ IT, Kanbay, Techspan, JP Morgan, Knolskape and DeZyre.

He is a visiting professor in University of Lowa, USA, National University of Singapore, SDM IMD, TA PAi Management Institute, IISC Cochin, La Trobe University, Australia. He has also published books – “Future Markets – Theory & Practice”, “Future Markets Made Easy”, “Futures & options” and “Series in Securities Market”.

Programme Fee and Payment

INR 1,09,000/- Residential and INR 95,000/- Non -Residential (+ Applicable GST) per person for participants from India and its equivalent in US Dollars for participants from other countries.

Early Bird Discount

Nominations received with payments on or before 03-Sep-19 will be entitled to an early bird Discount of 10%.

• Early Bird Fee (Residential) INR 98,100/-(+ Applicable GST)
• Early Bird Fee (Non-Residential) INR 85,500/-(+ Applicable GST)

Please Note

All enrolments are subject to review and approval by the programme director. Joining Instructions will be sent to the selected candidates 10 days prior the start of the programme. Kindly do not make your travel plans unless you receive the letter from IIMB.

A certificate of participation will be awarded to the participants by IIMB.

• The programme fee should be received by the Executive Education Office before the programme commencement date.
• In case of cancellations, the fee will be refunded only if a request is received at least 15 days prior to the start of the programme.
• If a nomination is not accepted, the fee will be refunded to the person/ organisation concerned.