About the Course

The Committee on Financial Markets and Investors’ Protection is one of the Non-Standing Committees of the ICAI which conducts Certificate Course on Derivatives for professional development of members in this field. This course covers financial derivatives such as forward contracts, futures contracts, options, swaps and some other derivatives. It follows a pragmatic approach and covers both the derivative markets and the derivative products and their applications. The emphasis of the course is on successful execution of financial strategies to hedge risks, to speculate and to search for arbitrage opportunities. The course deals with market mechanism, pricing and application of derivative instruments along with accounting and taxation of derivative transactions. The course has multiple components apart from lecture sessions by the instructors. Participants will take part in problem solving sessions, receive practical training in brokerage houses, benefit from interactions with CFOs and be introduced to online trading terminal for data and applications.

Key Initiatives

• New study material completely designed and prepared by Prof B B Chakrabarti. Former Professor of Management and Finance, IIM Kolkata
• 23 Theoretical Session of 1.5 hours each and 5 Tutorial session of 1.5 hours each
• 2 Case Study (Financial Futures HBS case/Risk management-Apache-HBS case and Advisory on Currency Risk-ICICI Bank-HBS case)
• 2 Practical session of Bloomberg terminal
• 6 Practical Sessions with Hands on Training at Terminal of Broker
• 2 Interactive session with CFOs

Eligibility

Only the Members of ICAI are eligible to pursue this course.

Course Duration

Classes will be for twenty days online virtual classes - 3 Hours each day

Attendance

A candidate will have to attend 90% of classes, i.e., 18 days’ classes, failing which, he/ she will not be entitled to appear in the exams. 90% attendance in classes is mandatory for appearing in the exams.

Professional Credit The participants to this course will be given 30 CPE Hrs wherein credit of 25 CPE hours will be given after completion of classes and remaining 5 hours will be given after qualifying the exam as per CPE guidelines.

Evaluation pattern :

There will be assessment Test of 100 marks for two hours at the end of the course. A paper will consist of 100 % multiple objective type questions. A passing grade is awarded if the candidate obtains 40% marks in paper.

Course Fees

Course fee of Certificate course on Derivatives Rs. 17,700/- [Rs. 15,000/- (Course fee) + Rs. 2700/- (18% GST)]