CFA® L2 — Derivatives
Pricing forwards and futures, swap valuation, option pricing (binomial and Black-Scholes), and the use of derivatives in portfolio management.
Quick info
- Layer
- Professional Certifications
- Track
- CFA® Level 2
- Estimated hours
- 30 hrs
- Chapters
- 4
- Exam body
- CFA Institute
- Cost on Trustner
- Free
The full chapter-by-chapter syllabus is published below so you know exactly what you're committing to. Individual lesson pages are being authored progressively over the coming weeks. Bookmark this page or browse all courses.
About this course
Pricing forwards and futures, swap valuation, option pricing (binomial and Black-Scholes), and derivatives in portfolio management.
Who this is for
- CFA L2 candidates.
What you'll learn
- Forward and futures pricing — replication
- Swap valuation
- Binomial and Black-Scholes-Merton
- Risk management with options
Full syllabus — 4 chapters
- 1Reading 1
Forward and futures pricing
- Cost-of-carry with cash flows
- Pricing equity and currency forwards
- 2Reading 2
Swap valuation
- IRS, CCS, equity swaps
- Mark-to-market
- 3Reading 3
Option pricing
- Binomial models
- Black-Scholes-Merton intuition
- 4Reading 4
Risk management applications
- Delta, gamma, vega hedging
- Portfolio insurance
About the exam
- Provider
- CFA Institute
Note: ~5-10% of CFA L2 weight.
The exam is administered by CFA Institute. Trustner Academy is not affiliated with CFA Institute; we provide independent preparatory educational material. See our disclaimer.
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