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FX and Interest Rate Derivatives

18 May 2020 @ 9:00 am - 19 May 2020 @ 3:00 pm
590 EUR
FX and Interest Rate Derivatives

FX and Interest Rate Derivatives

Despite the financial crisis, banks and corporations still use currency and interest rate derivatives for hedging the exposures that arise in their day-to-day business. The excessive and irrational use of these instruments before the current financial crisis, however, reminds us that we need a really sound understanding of these instruments. The risks involved must be thoroughly understood before we start using derivatives.

Course objectives

The objective of the workshop is to acquaint participants with different kinds of basic financial derivatives and their valuation, and to provide practical tips for their use for hedging and trading. This warm-up seminar on derivatives will provide participants a general introduction to forwards, swaps, futures and options, and explain the advantages and disadvantages of an individual instrument. We will explain the main characteristics, most important terms and basic mechanics of instruments. An overview of the organised derivatives and OTC markets will be presented with selected examples. Finally, we will give participants an overview and examples of the basic uses of derivatives for trading and hedging purposes.

Course Contents

  • Foreign exchange derivatives
  • FX forwards
  • FX swaps
  • Currency futures
  • Currency options
  • Interest rate derivatives
  • Forward/Forwards
  • Forward Rate Agreements (FRA)
  • Interest Rate Swaps (IRS)
  • Interest Rate Options (IRO)
  • Basics of equity and fixed income derivatives
  • Basics of derivatives pricing and valuation
  • Trading and hedging with derivatives
  • Practical exercises and examples

Who should attend?

  • derivatives dealers
  • risk managers
  • treasurers
  • corporate treasurers
  • securities traders
  • account officers who advise their customers
  • accountants and auditors who wish to upgrade their knowledge about derivatives
  • back office personnel

Teaching methodology

The workshop is intended for newcomers to the world of financial derivatives. It comprises a combination of lectures, discussions, case studies and practical workshops on the use of different FX and interest rate derivatives. Experience with derivatives is not required. However, a theoretical base in this area is welcome. In addition to the theoretical basics of derivatives, specific interesting solutions for day-to-day work will be addressed. The course content is intended to provide participants an understanding that will be of immediate practical use in the workplace. The seminar is targeted towards those who wish to participate in the subsequent “Advanced financial derivatives” workshop. Participants are requested to bring a financial calculator (HP 17B or similar) for calculating practical examples and exercises. Only a minimal amount of calculus knowledge is required in order to master numerical analyses and examples during the workshop.

Group booking discounts

• 2 delegates — 530 EUR per delegate
• 3 or more delegates — 470 EUR per delegate

Jernej Doles


Jernej Doles

Jernej Doles is the founder and managing director of Omega Finance. He was formerly general manager and chief dealer in the financial markets department at NLB d.d. He was responsible for all of the bank’s trading activities, including on the FX, money market, fixed income, derivatives, and customer desks. Through trading different financial instruments, he also gained a great deal of practical experiences with financial risks. Mr. Doles has many years of experience teaching and consulting on financial topics, such as derivatives, hedging portfolios, fixed income, equities, and risk management. He has held courses at different educational institutions in Europe. For further information about Jernej Doles please click here.

Registration will be accepted



18 May 2020 @ 9:00 am
19 May 2020 @ 3:00 pm
590 EUR
Event Category:


Omega Finance – The Professional Training & Coaching
041 647 502


Danubius Grand Hotel Margitsziget, Budapest
Zielinski Szilárd stny.
Budapest, 1138 Hungary
+36 1 889 4700