Training Course on “Derivative Markets and Instruments and Marginal Trading” in Azerbaijan
Date: 16-17 December 2014
Venue: Baku - Azerbaijan

The Centre organised a training programme on “Derivative Markets and Instruments and Marginal Trading” at the Baku Stock Exchange on 16-17 December 2014, within the framework of OIC Capacity Building Programme for Stock Exchanges (OIC-SEP). The Course was provided by Mr. Sait Şatıroğlu, Director of Financial Derivatives Markets Department, Borsa İstanbul of the Republic of Turkey with participation of relevant members of the Baku Stock Exchange of Republic of Azerbaijan.

The training course on “Derivative Markets and Instruments and Marginal Trading” mainly covered the following subjects:

   I. Equity Derivative: Single Stock Futures

  • Futures Contracts Definition
  • Futures Contract Standardized Terms Contract Specification of Single Stock Futures
  • Organizations that Facilitate Futures Trading
  • Obligations with a Clearinghouse: Margin and Daily Settlement
  • Closing a Futures Position: Offset or Reversing Trade
  • Settlement: Delivery or Cash Settlement
  • Regulation of Futures Markets
  • Sustainability, Outreach and Problems Pertaining to Microfinance System
  • Commissions
  • Corporate

   II. Equity Derivative: Stock Options

  • Option Definition
  • Standardized Terms
  • Option Basic Trading Strategies
  • Corporate Action
  • Option Risk Management
  • Option Exercise Process

   III. Marginal Trading

  • Lending
  • Shortselling Stocks