This series of structured videos builds the conceptual framework for understanding the basic derivatives (forwards, futures, options, and swaps), derivative markets, and the use of options in risk management.

Derivatives—financial instruments that derive their value from the value of some underlying asset—have become increasingly important and fundamental in effectively managing financial risk and creating synthetic exposures to asset classes. As in other security markets, arbitrage and market efficiency play a critical role in establishing prices.

This course includes video lectures for 3 readings from the CFA L1 course - Derivative Markets and Instruments, Basics of Derivative Pricing and Valuation, Risk Management Applications of Option Strategies which cover the study session 17.

The course is structured in 12 short videos of each topic spanning approx 2 hours in total and at the end of each topic concept checkers are provided that reiterate the understanding of the topic as well as provide a step by step guide to question solving techniques on the CFA exam.

The course will help the students to complete the preparation in one third of the time it usually takes to study Derivatives via the self study approach.