+44 207 459 4445 info@perfiliev.co.uk
Financial Derivatives In-Depth
Untangling the complexities of forwards, options and swaps.
Coming soon
Starts in:
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  • – – Hours
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Course category:
In-Depth
Location:
London
Duration:
2 days
Time:
8 hours/day
Class size:
20 students
A short course designed to help you clearly understand financial derivatives.

Our two-day Financial Derivatives In-Depth course aims to explain the purpose, complexities and pricing behind the financial derivative contracts. The training will start with simple futures and forward products and then proceed to options theory, interest rate swap valuation and discussion of more exotic derivatives and structured products.

A basic understanding of financial markets and some knowledge of main asset classes is a prerequisite for this training.

What will you learn?
By the end of the course, you will:
  1. Understand why there is a term structure of futures prices and what these prices imply.
  2. Discover how to exploit the arbitrage relationship between an asset’s price and its futures contract.
  3. Develop an intuitive and mathematical understanding about the Black-Scholes option pricing framework and apply it to price European option contacts.
  4. Learn how to calculate implied and realized volatilities.
  5. Become familiar with various exotic features of derivative contracts.
  6. Recognize various exposures of an option contract and how to quantitatively measure them.
  7. Gain insight into structured products such as Autocallables, Reverse Convertibles, Protected Participations and others.
  8. Study how Credit Default Swaps can be used to protect against bond defaults.
  9. Understand the interest rate swap markets and be able to apply various methods in their pricing.
  10. Become confident dealing with financial derivative products.
And much more!
Who is the course for?
  • Private traders and investors, looking to learn about financial derivatives.
  • Professionals within the financial industry or those providing services to the financial sector.
  • Professionals performing financial functions in non-financial industries, such as corporate treasury, accounting, and investor relations.
  • Students, preparing for an upcoming internship or starting their careers in finance.
  • Anyone working in or looking to understand financial derivatives and how they work.
Who is teaching the course?

Sergei Perfiliev

  • Active trader specializing in Equity Derivatives and Volatility trading.
  • Former Goldman Sachs Quantitative Analyst.
  • Working in finance since 2008.
  • Professional career includes Nomura, Bloomberg and Goldman Sachs.
  • Cross asset-class experience covering Equities, Fixed Income, FX and Commodities.
  • Teaching financial courses since 2013.
  • Holds Masters of Engineering from Imperial College London.
  • Holds Masters of Science in Mathematical Finance from University of Oxford.
Course Content:
Day 1
  1. Overview of Financial Derivatives:
    • Types of derivative products.
    • Open interest and volume.
    • Listed and OTC trading.
    • Derivatives settlement procedures.
    • Derivative users.
  2. Futures and Forwards:
    • Mechanics of a forward contract.
    • Differences between a future and a forward.
    • Cost of carry and fair value.
    • Contango and backwardation.
    • Using futures for hedging, speculating and asset allocation.
  3. Options:
    • Calls and puts.
    • Selling and buying of options.
    • In-the-money (ITM), At-the-money (ATM) and Out-of-the-money (OTM) options.
    • Motivation behind using options.
    • Put-call parity and option arbitrage.
    • Realized volatility.
  4. Option pricing:
    • Intrinsic and time value.
    • Black-Scholes framework.
    • Delta hedging.
    • Pricing European and American options.
    • Implied volatility and volatility surface.
  5. Option Risks and Greeks:
    • Delta.
    • Gamma.
    • Vega.
    • Rho.
    • Theta.
    • Hedging of the risks.
Day 2
  1. Option Strategies:
    • Straddles and strangles.
    • Call and put spreads.
    • Collar and risk-reversal.
    • Calendar spread.
    • Butterfly.
    • Iron Condor.
  2. Light Exotic Options:
    • Barrier options.
    • Knock-in/out options.
    • Digital and binary options.
    • Quanto options.
    • Asian contracts.
  3. Exotic Options and Structured Products:
    • Options as a note contract.
    • Autocallables.
    • Reverse convertibles.
    • Protected participation.
    • Bonus certificate.
  4. Swaps:
    • Mechanics of interest rate swaps.
    • Motivation behind using interest rate swaps.
    • Pricing Interest Rate Swaps.
    • Role of the clearinghouse.
    • Cross-currency swaps.
    • Dividend and equity swaps.
  5. Credit default swaps (CDS).
    • Mechanics of a CDS contract.
    • Protection buyers and sellers.
    • Credit events.
    • Standardized premiums.
    • Credit indices.
What’s the format?
Dynamic in-class lectures.
Practical assignments and exercises.
Interactive demos and examples.
Challenging quizzes and tests.
Next available dates and pricing:
Financial Derivatives In-Depth
  • Course category:
    In-Depth
  • Location:
    London
  • Duration:
    2 days
  • Class size:
    20 students
Date to be confirmed
Status
Coming soon
Keep me updated
What will you get upon completion?
  • Formal completion certificate.
  • Course notes and materials.
  • Follow-up support – ability to ask questions and seek further clarification, if needed.
  • 20% OFF any future courses you wish to attend.
What our training participants say?
Donald
Software Engineer
“I attended Sergei's derivatives training a few years ago. Sergei clearly explained what they are, the motivation behind them and how they're traded in concrete terms. After the training I had a solid understandings on the topic and I would recommend Sergei's training.”
Jovana
Account Executive
“Sergei held one of the best training sessions on equity derivatives at the onset of my career in finance. He was able to put together a fully comprehensive and detailed yet digestible programme. His strength is delivering complex concepts in a simplified and engaging manner.”
Marius
Financial Software Engineer
“Sergei taught me statistics in the context of equity asset prices and he managed to help me finally connect the maths to the real life applications of it. He's very practical and effective in helping you understand hard concepts.”
Paul
Financial Software Developer
"An excellent presenter and an enjoyable course, complex material presented in an approachable fashion."
Babak
Head of Pricing
“Sergei has a dynamic approach to teaching and his ability to breakdown complex commercial concepts makes learning easy and memorable. I still remember his enthusiasm after 7 years and always happy to learn from him.”
Igor
Data Analyst
“Amazing training! Sergei does a great job at explaining the concepts using simple analogies which makes the complex world of finance very clear.”
Alex
Financial Sales
“As part of a financial training program, Sergei equipped me with the knowledge that I am still benefiting from seven years later. He has an ability to deliver complex subject material in a digestible way.”
Eric
Machine Learning Engineer
“Sergei’s lucid explanations helped me get a deeper grasp of the concepts I was grappling with, whilst giving me a new perspective on the material. I credit him with getting me up to speed when I needed it most.”
Anna
Accounts Manager
“Sergei led various financial trainings and I really enjoyed his teaching style and dedication to his students. He always made sure students were engaged and understood the topic before moving on. I would recommend Sergei for his professionalism and deep knowledge.”
Vlad
Financial Sales
“Sergei is a very good teacher, and is able to explain clearly complex concepts. I felt his course was time well spent.”
Vikram
Quantitative Developer
“Sergei's sessions were great! He always made them engaging and fun.”
Yoshi
Investment Professional
“Sergei is one of the best instructors I have ever met. He understands people learn in different ways and can adjust his teaching style. I would highly recommend him, especially when you are trying to learn something complicated or you want to learn something quickly.”
Frequently Asked Questions:
Are there any arrangements regarding COVID-19? Will the training go ahead as planned?

At the moment, we are planning for all of our training courses starting with September 2020 to go ahead in a physical location in Central London.

In case if circumstances change and we won’t be able to deliver the course in a classroom setting, we will deliver it virtually online via Zoom.

If this happens, we will get in touch and ask if you would like to go-ahead and attend the course virtually or if you prefer to cancel for a full refund.

What payment methods do you accept?

We accept all major credit and debit cards, and PayPal.

How can I get a 20% discount for my next training course?

You will receive this by email after completion of any of our classes.

What if I need to cancel my booking?

You can cancel your booking and receive a full refund up to one month in advance of the course start date.

If you made a booking for a seminar that starts in less than one month, you can cancel for a full refund within the 14 days of making the booking.

In case if we are unable to deliver a course in a physical classroom and had to move it online due to COVID-19, you can also cancel and request a full refund if you don’t want to attend the course virtually.

Are there any pre-requisites in order to attend this course?

There are no prerequisites for this course – even though some basic understanding of financial markets would be helpful, it is not required!

Want to run this training in-house?

Get in touch!

All our training courses can be tailored to your company needs and requirements.

Feel free to call us on +44 207 459 4445 or email info@perfiliev.co.uk and we’d be happy to help.

Learn more
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