Module 1: Derivatives Fundamentals

• Introduction to Derivatives

  • Definition, history, global evolution, Indian market journey.

  • Stakeholders and market participants

  • Economic purpose and significance

• Purpose of Derivatives

  • Hedging, speculation, arbitrage, risk management.

  • Risks faced by market participants

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Module 2: Derivative Products

• Types of Derivatives

  • Forwards

    • Features, contract structure, limitations.

  • Futures

    • Contract specifications, differences with forwards, major features.

  • Options

    • Basic concepts, contract types, payoffs.

  • Swaps

    • Overview and practical industry uses

• Commodity and Currency Derivatives

  • Commodity futures/options, currency futures/options comparison.

  • Essential differences, underlying market structure

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Module 3: Options Deep Dive

• Options Terminology

  • Strike price, premium, expiration, exercise

• Options Greeks

  • Delta, Gamma, Theta, Vega, Rho – significance and calculation.

• Options Trading Strategies

  • Common strategies for hedging and speculation.

• OPTIONS TERMINOLOGIES

  • Practical application and trading tips

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Module 4: Orders, Settlement & Risk Management

• Orders in Derivatives Trading

  • Types: market, limit, stop-loss, and advanced order types

• Risk Management

  • Clearing, settlement mechanisms

  • Price risk, reinvestment risk, and term structure of interest rates.

  • Main shapes of the yield curve

  • Contract specifications of exchange-traded interest rate futures (IRF).

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Module 5: Accounting, Taxation & Compliance

• Accounting of Derivatives (ICAI Approach)

  • Accounting standards, compliance needs

• Taxation of Derivative Transactions

  • Basic tax treatment, key rules for traders

• Sales Practices, Code of Conduct & Investor Protection

  • Best practices, regulatory requirements, investor grievance mechanisms.

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Module 6: Interest Rate and Currency Derivatives

• Interest Derivatives

  • Nominal vs Real Interest Rate

  • Understanding Interest Rate Futures, specification and trading.

• Currency Derivatives

  • Currency markets, popular pairs, peculiarities in India

  • Settlement/value date, cross rate calculation.

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Module 7: Exam Strategy and Live Practice

• Mock Tests and MCQ Practice

  • Topic-wise tests

  • Full-length exam simulations with negative marking.

• LIVE Q&A Sessions & Real Market Analysis

  • Case studies, practical problem solving

  • Real-time trade analysis using demo platforms

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Module 8: Revision and Final Guidance

• Summary of key concepts

• Last-minute tips, doubt resolution, memory aids

• Live test practice