CFA Refresher Readings

 

Derivative Instruments: Study Session 16

 

Study Session Materials

Complete List of CFA Program Readings

 

Topic Overview

Forwards and Futures

This study session looks at derivative investments and markets and focuses on the concepts of derivative pricing and valuation and credit risk evaluation. To assist in determining the relative cost/benefit of using derivative instruments or investments with embedded derivatives, it is essential to know and understand the factors that affect valuation. This study session addresses interest rate, equity, and currency forwards and futures.

 

View learning outcome statements (LOS) for reading objectives.

 

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Complete List of CFA Program Readings

 

“Forward Markets and Contracts” Ch. 2, pp. 37–66, Analysis of Derivatives for the CFA® Program, Don Chance (AIMR, 2003)	View LOS
“Futures Markets and Contracts” Ch. 3, pp. 103–116, 124–142, Analysis of Derivatives for the CFA® Program, Don Chance (AIMR, 2003)	View LOS