国内唯一真正与华尔街资深投资银行家面对面
全英文授课 中文同声翻译　　实盘操作与案例讨论相结合

　　借鉴华尔街金融衍生品投资实务案例，解析全面的金融投资结构，全新的投资理财理念。课程内容本着提高实战能力的要求，帮助学员系统学习金融衍生品投资，增强金融实务操作技能；教会学习者抄底华尔街的技巧，提炼金融投资真谛；锻造优秀管理者阶层，培养实战操作型金融高层管理者，全面提升分析能力、决策能力和创新能力。

开课时间：
2008年12月10-12日

课程安排（Program Schedule）
　　Day 1　Dec.10, 2008, Wed.（第一天，2008年12月10日，星期三）
AM: 9:30-11:30　Warm up
PM : 2:30-5:30　Module 1
PM:5:30-7:00　Dinner
PM:7:00-9:00　Module 2
PM:9:00-11:00　Life practice 1

预习
模块一
晚餐
模块二
实盘操作一

　　Day 2　Dec.11, 2008, Thu.（第二天，2008年12月11日，星期四）
AM: 9:30-11:30　Warm up
PM : 2:30-5:30　Module 3
PM:5:30-7:00　Dinner
PM:7:00-9:00　Module 4
PM:9:00-11:00　Life practice 2

预习
模块三
晚餐
模块四
实盘操作二

　　Day 3　Dec.12, 2008, Fri. （第三天，2008年12月12日，星期五）
AM: 9:30-11:30　Warm up
PM : 2:30-5:30　Module５
PM:5:30-7:00　Dinner
PM:7:00-9:00　Module ６
PM:9:00-11:00　Life practice ３

预习
模块五
晚餐
模块六
实盘操作三

课程设置（Lecture coverage）

  1. The Nature of derivatives.
  2. Two major classes of derivatives.
    a、Futures and forward contracts
    b、Call and put options
  1. Derivatives markets.
    a、Futures markets
    b、Options markets.
  1. The evolution of derivatives.
  2. Types of derivatives traders.
  3. Recent derivative fiascos.
  4. Arbitrage and Arbitrage Pricing Principles.
  5. More on the nature of derivatives.
  6. Necessary Terms and techniques.
  7. Continuous Compounding.
  8. Compounding Frequencies.
  9. Future Values
  10. Present Values.
  11. Short term interest rates.
  12. Short Selling.
  13. Institutional Characteristics.
  14. Futures Contracts.
  15. Examples of Futures Contracts.
  16. Margins.
  17. Futures Contracts Specifications.
  18. Examples of a Futures trade.
  19. A possible Outcome.
  20. Other Key Points about Futures.
  21. Collateralization in OTC markets.
  22. Delivery
  23. Some terminology.
  24. Convergence of Futures to spot
  25. Regulation of Futures.
  26. Forward Contracts.
  27. Profit from a long forward or Futures position.
  28. Profit from a short forward or Futures position.
  29. Forward Contracts VS Futures Contracts..
  30. Foreign Exchange Quotes.
  31. Example of Marketing-to-Market.
  32. Leverage of Futures Positions.
  33. Concerning the market.
  34. Pricing of Forward and Futures.
  35. Financial Asset without Income.
  36. Cass study on speculation on Google.
  37. Financial Asset with Income.
  38. S & P Futures price.
  39. S & P Index Futures.
  40. Stock Index Futures.
  41. Transitions Costs of Index Futures.
  42. Important contracts.
  43. How well does the pricing formula hold?
  44. October 1987 market study.
  45. Index Futures and portfolio management.
  46. Hedging FX risk
  47. Currency Forward prices.
  48. Arbitrage opportunity.
  49. Quasi- Arbitrage.
  50. Effective Yen Borrowing rate.
  51. Two ways to borrow Yen.
  52. Commodity Futures.
  53. Storage Costs and Convenience benefits.
  54. Cass study of heating oil futures. Example
  55. Pricing difficulties of Commodity Futures.
  56. Hedging Using Futures contracts.
  57. Example of Perfect hedge.
  58. Imperfect hedge: asset mismatch. Cass study.
  59. Minimum Variance hedge.
  60. Minimum Variance Portfolio.
  61. Regression Results.
  62. Optimal hedge with Crude Oil Futures.
  63. Optimal hedge.
  64. Imperfect hedge: time mismatch.
  65. Possible risk management strategies.
  66. Rolling hedge
  67. Example of long term hedge.
  68. Metallgesellschaft.
  69. Capturing dividends.
  70. Ford’s Hoarding of palladium.
  71. Three Lessons.

收费标准：
课程学习费用23000元（人民币）
授课地点：
对外经济贸易大学 多媒体空调教室和金融实验室

报名地址：对外经济贸易大学 博学楼1322室
联系方式：魏老师 010-64494282/64493785
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