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Services >> Forensic Accounting | Loss Prevention | Fraud Investigation | Training | Consultancy |
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CFE-In-Practice
Integrity. Intelligence. Independence. |
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professional coaching - capital market & derivatives |
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Understanding OPTIONS: in the Fixed Income World |
Sign Up NOW!
Enjoy immediate savings: 2nd participant* pays 75%, subsequent participant* pays 50% only.
Register on-line: registration@cfe-in-practice.com *terms & conditions apply.
Closing Date: 15 February 2009
Monetary Authority of Singapore, Deloitte Touche Tohmatsu, Auditor General Office, Attorney General Office, ... more
"My expectations of the seminar were exceeded." Monetary Authority of Singapore ... more
Check out on our other programs.
Derivatives for Decision Makers
Investment Banking and Structured Finance 1
Investment Banking and Structured Finance 2
Understanding and Marketing Financial Derivatives
Understanding Financial Futures and Swaps
Foreign Exchange & Treasury Management
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VENUE: THE TRADERS HOTEL - SINGAPORE
MARCH 4, 2009 |
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The
Concept: THE RISK OF OPTIONS TO PROMINENCE Options are hardly a new instrument. Puts and calls were long traded on the alleys of Pine Street to which York Stock Exchange crowd relegated such trading. Also Callable bonds have a long history; and that ubiquitous instrument, the home mortgage, has traditionally incorporated a prepay without penalty.
Nonetheless, options gained wide attention and also became the subject of relentless analysis only after developments brought them to the fore. One was the creation in 1973 of the CBOE to trade listed options on equities. Events have come full circle. Single Stock Futures have regained its prominence in the Asian region. Understanding options will give all players a definite competitive advantage.
Options come into two flavors, puts and calls; and to every option transaction, there are two parties, a buyer and a seller, usually referred to as the holder and the writer, respectively. The holder of a call option has the right to buy the Underlier ( a commodity, a financial instrument, or the notional principal on a rate agreement), from the counterparty (the writer) at a specified price (the strike price) until the end of a specified period (the expiration date).' In contrast, the writer of a call option has the contingent obligation to sell the Underlier of the option to the counterparty at the strike price until the expiration date.
Puts work the other way round from calls. The holder of a put has the right to sell to the counterparty, whereas the writer of a put has the contingent obligation to buy the Underlier from the counterparty.
Note that a put is not somehow the reverse of a call. Puts and calls are two distinct instruments, each of which may be brought or sold. Thus, whereas futures quotes just one price per instrument per period, options quotes give-for each strike price and for each expiration date traded-two prices: one for the relevant put, one for the relevant call.
This one day appreciation program is designed with one objective - to dispel the myths surrounding options using plan uncomplicated language.
Coaching Outline
Methodology This
coaching by a Certified Fraud Examiner consists of a lively series of
short participative lectures conveyed using plain uncomplicated
explanations. Learning will be facilitated through discussion and
case studies. Ample coaching materials will be given to participants
so that these will be a constant source of reference to them. Ample
time will be allotted for the transfer of ideas. For
whom Risk
Mangers, Company Directors,
Compliance Officers, Finance Mangers, Operations Managers, Treasury Managers, Training Managers
Relations Managers, HR Managers, Internal Control Officers and
all Bank Internal Auditors.
Principal
Coach Tommy Seah, CFE MIIA CMC ACIB etc. Click here for Tommy Seah's Profile and business.
Register by email Register on-line today. Our email address is: registration@cfe-in-practice.com
Important Notice Payments
are required with registration and must be received prior to the Coaching
Session to guarantee your place. Walk-in delegates will only be admitted
on the basis of space availability at the Coaching Session and with
immediate full payment.
Cancellations & Transfers If
you are unable to attend, a substitute delegate is welcome at no extra
charge. Please provide the name and the title of the substitute delegate
at least 2 days prior to the Coaching Session. A refund less 10%
administrative charge will be made cancellation received in writing 10
working days before the program date. A complete set of
program documentation and a 50% refund will be given for cancellation made
3 working days before program date. Regrettably, no
refund can be made for cancellation made on and or after program. A
complete set of documentation will however sent to you. The
organizer reserves the right to make any amendments and/or changes to the
programme, venue, speaker replacements and/or topics if warranted by
circumstances beyond its control. |
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