Financial Derivatives – Definitions – Features – Types - Basic Financial Derivatives -Financial Derivatives Markets in India - Evolution of Derivatives - Major recommendation of L.C. Gupta Committee - Equity Derivatives - Strengthening of Cash Market - Benefits of Derivatives in India - Derivatives in India - Derivatives trading at NSE/BSE - Emerging Structure of Derivatives Markets in India.

Options – Definitions – Concept – Types - Difference between Options and Futures Contracts - Options Valuation - Options Position - Assets in Exchange Traded Options.

Financial Futures Contracts – Meaning- Types - Evaluation of Futures Market in India - Functions of Futures Market - Growth of Futures Market - Futures Market Trading Mechanism

Hedging: Introduction- Hedging Process - Short Hedge and Long Hedge - Cross Hedges and Changing Volatilities of Asset Position – Strategies for Hedging

Swaps – Definition - Concepts & Nature – Evaluation – Features - Major types of Financial Swaps - Interest – rate Swaps - Currency Swaps - Equity Swaps