**POSTPONED**SCLE Revision: Futures And Options (Module 14)

Laws & Regulations

20
Jun 2020

8:30 am - 5:30 pm

Securities Commission Malaysia

Speakers : M.A.MOHAMED SHAJAHAN BIN ABD. MAJEED

MYR 900 *Fee is not inclusive of 6% SST

KINDLY TAKE NOTE THAT THIS EVENT HAS BEEN POSTPONED FOLLOWING THE RECENT OUTBREAK OF COVID-19. 

STAY TUNED FOR DETAILS OF NEW DATE AND VENUE.

Module 14: Futures And Options

 

Programme Objective

This course equips participants with comprehensive understanding and knowledge based on their good understanding from module 14 study outline. Participants expected to advance their knowledge and comprehension further via an interactive teaching and learning experience while increasing their confidence in sitting for the examination.  This course will be facilitated by an experienced and qualified trainer.

Programme Overview

This 2 ½ -day course is designed to match the licensing study outline for Module 14 on funds management regulation. It covers the comprehensive introduction to fund management, regulatory structure, fund management industries, licensing requirements, compliance and corporate governance relating fund management.

Who Should Attend

  • Candidates preparing for the Module 14 Licensing Examination
  • New entrants to the capital market industry and staff of investment banks

Learning Outcomes

Candidates are expected to have good knowledge, understanding and ability to apply in the following areas:

  1. Concepts and structure of the futures and options markets
  2. Product knowledge on all contracts that are currently available on Bursa Derivatives
  3. Hedging, arbitraging and speculative trading strategies using derivatives contracts available on Bursa Derivatives
  4. Derivatives trading strategies including pay-off diagrams
  5. Valuation of derivatives instruments
  6. Derivatives pricing models and their uses in derivatives trading
  7. Market analysis – fundamental and technical analysis of futures market

Candidates’ Prerequisites

It is estimated that this module will require a minimum of 80 hours of study time. Candidates are expected to have relatively strong capability in the application and analysis of information provided in this outline and its reference. The amount of study hours needed depends on the education background and work experience of the candidates. Candidates are also expected to update themselves with the latest changes relevant to this module as all questions will be continuously updated to reflect these changes.

Methodology

This course will be delivered using effective learning methods which include presentations, discussions and review examination questions.

PROGRAMME – DAY ONE 

8.30 am Registration
9.00 am Development of the Futures Market

  • Dawn of the Forward Market
  • The Forward Contract
  • Types of Forward Contracts
  • Forward Price and the Cost of Carry
  • Disadvantages of Forward Contracts
10.45 am Refreshment
11.15 am The Workings of the Futures Market

  • Futures Contract Specifications
  • Types of Futures Contracts
  • Advantages of Futures Market
  • Disadvantages of Futures Contract
  • Convergence of Futures to Spot Prices
  • Futures Prices and Cost of Carry
  • Market Participants: Hedgers, Speculators and Arbitrageurs
1.00 pm Lunch
2.00 pm Trading the Futures Contract

  • Uses of Futures: Hedging, Speculating and Arbitraging
  • Types of Orders
  • Margining and Daily Settlement
  • Open Interest and Volume
  • Closing Out Positions
  • Negotiated Large Trade (NLT)
  • Exchange for Related Positions (EFRP)
  • Technical Analysis
  • Fundamental Analysis
3.45 pm Refreshment
4.00 pm Trading Futures in Malaysia

  • Overview of Regulation of Futures Trading

Trading Commodity Futures

  • Crude Palm Oil Futures (FCPO)
  • Crude Palm Kernel Futures (FPKO)
  • USD Crude Palm Oil Futures (FUPO)
  • Gold Futures (FGLD)
  • USD RBD Palm Olein Futures Contract (FPOL)

Trading Equity Futures

  • FTSE Bursa Malaysia KLCI Futures (FKLI)
  • Single Stock Futures (SSF)

Trading Financial Futures

  • Kuala Lumpur Interbank Offered Rate Futures (FKB3)
  • 3-Year Malaysian Government Securities Futures (FMG3)
  • 5-Year Malaysian Government Securities Futures (FMG5)
5.30 pm End of Day One

PROGRAMME – DAY TWO

8.30 am Registration
9.00 am The Options Market

  • Basic Concepts
  • Underlying Instruments
  • Option Contract Specifications
  • Uses of Options
  • Advantages and Disadvantages of Using Options
  • Listed Stock Warrants and Structured Warrants
10.45 am Refreshment
11.00 am Options Valuation

  • Intrinsic and Time Value
  • Factors Affecting Options Value
  • Options Pricing Models
  • Option Greeks
  • Put-Call Parity
  • Payoff Diagrams

 

1.00 pm Lunch
2.00 pm Trading Strategies with Options

  • Directional Strategies Using Single Options
  • Spread Trades
  • Volatility Strategies
  • Synthetic Strategies
3.45 pm Refreshment
4.00 pm Trading Strategies with Options (cont’)

  • Dynamic Hedging Using Option Delta
  • Managing an Options Portfolio
5.30 pm End of Day Two

PROGRAMME – DAY THREE

8.30 am Registration
9.00 am Trading Options in Malaysia

  • Warrants
  • Options on FTSE Bursa Malaysia KLCI Futures Contract (OKLI)
  • Options on Crude Palm Oil Futures Contract (OCPO)
  • Use of Options in Portfolio Management
10.30 am Refreshment
10.45 am Revision and Feedback Session on Set of Questions
12.30 pm End of Programme

SPEAKER: M.A.MOHAMED SHAJAHAN BIN ABD. MAJEED

Mohd Shahjahan has wide exposure in corporate advisory work including strategic management analysis, advising on mergers and acquisitions and business reconstruction; and conducting corporate agreements. He is versatile in tackling contemporary financial issues. Having more than 24 years’ experience in advisory and conducting seminars for more than 3000 people; En Shah is responsible in training various managers and Executives in Permodalan Nasional Berhad and PNB Investment Institute Sdn Berhad, Securities Commission, Johor Corporation, Mara Holding, Malaysia Mining Corporation, Bank Bumiputra, Bank Islam, Petronas and Motorola in the areas of Investment, Finance, Financial Management, Financial And Cost Accounting and Strategic Management.
En Shah under Capital Consult also has extensive experience conducting various training programmes in finance and investment to Bumiputra Dealers Representatives, Remises and Research Analysts under the Securities Industries Development Centre’s (SIDC) Bumiputra Training Fund scheme since 2000. En Shah has trained more than 2000 licensed and non-licensed representatives of the stock broking industry under the CPE programme since its inception in the year 2000. Under PNB Investment Institute SdnBerhad, He is also conduct various programmes under portfolio management and applied portfolio management, Financial Services Institute of Australasia (Finsia).
En Shah is a graduate of MSc. (Financial Management) SOAS, University of London, UK and obtained his Chartered Institute of Management Accountants (CIMA, UK) and is currently pursuing his Doctorate in Business Administration.

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