Financial Derivatives Course Objective: 1. To make students aware of different types of Derivatives 2. To develop an understanding amongst students of financial derivatives and associated regulatory framework 3. To have an understanding of the derivative tools such as options, futures and their application to hedging. Define Derivatives market; features of Derivatives, Types of Derivatives, Forward , futures and options market, Forward market transactions. Explain Forward contracts, Forward market in India , Hedging with forwards. Explain Forwards and Futures Contract, features of forward contracts. Distinction between futures and forward , pricing of futures contract, Currency Futures , Hedging in Currency Futures , Speculation and Arbitrage in Currency Futures , Pricing of Futures. Explain Cost of Carry Model , Application of Market Index , Index Futures in the Stock Market , Indian Derivatives Market. Explain Options, Hedging with Currency Options , Speculation