COURSE SUMMARY This FX Spot & Derivatives course is designed for finance and accounting professionals, as well as those interested in or exposed to the foreign currency market. The overarching goal of this program is to identify common derivative instruments such as forward contracts, option contracts, and zero cost collars, and to recognize their differences and similarities to help select an optimal hedge instrument. Participants will be presented with a comparative analysis of the different types of derivative instruments that can be employed to help mitigate currency risk when transacting abroad. LEARNING OBJECTIVES 1) Explore the concept of forward contracts, and recognize their forward point premium or discount and symmetrical payoff profile. 2) Explore the concept of option contracts, and recognize their pricing variables and asymmetrical payoff profile. 3) Explore the concept of option combinations, and recognize how structures such as a zero cost collar create a unique payoff profile.