'By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives. These instruments enhance the ability to differentiate risk and allocate it to those investors most able and willing to take it - a process that has undoubtedly improved national productivity growth and standards of living.'
… Alan Greenspan
Derivatives are an important class of financial instruments in the financial and trade markets that enable risk protection and enable innovative investment strategies. Derivatives can be classified into different types, on the basis of how they are traded, the underlying asset on which they are based, and the way they are structured.
A thorough understanding of derivatives is however necessary and these instruments need to be used judiciously.
The markets today have many complex derivative products that are not understood completely and are being used to gamble for profits rather than for hedging. This is a very dangerous trend that could lead to major financial crisis in world markets –the financial crisis of 2008 being a case in point.
The session on derivatives will not only provide with a basic understanding of derivative, but will also address complex issues such as their pricing, the payoffs involved and hedging strategies.
About Professor Sankarshan Basu
Sankarshan Basu is an Associate Professor in the Finance and Control Area at the Indian Institute of Management Bengaluru (IIMB). He is currently the Chairperson of Career Development Services at IIMB. His research and teaching interests are in quantitative finance, particularly derivatives and fixed income securities and insurance and pension issues.
Prior to joining IIMB, Sankarshan has also worked with ICICI Ltd. (now ICICI Bank Ltd.), as well as been a teaching faculty at London School of Economics and Political Science and Heriot Watt University, Edinburgh, U.K. Sankarshan has also been a Visiting Professor at University of Twente, Netherlands and Gothenburg University, Sweden.
Sankarshan is very well travelled and has presented his works at a number of international conferences. He also has to his credit a number of papers in various international journals.
At IIM Bengaluru, Sankarshan is involved in teaching (both regular programs and executive development programs) consulting assignments as well as in a host of administrative activities.
About Brickwork Finance Academy
Brickwork Finance Academy (BFA), a non-profit organization, offers nine-month / weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright students wishing to add finance certification on their resume.
The program is intended for candidates aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. The program also prepares candidates for jobs in the Indian commercial banks, investment banks, mutual funds, insurance companies and more.
The certificate course offered by BFA covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International financial markets. The faculty for the program is highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector.
For more information please visit www.bfa-india.org
Attendance to the session is by invitation only.
For participation, you are requested to kindly mail a small brief about yourself along with your contact details to email@example.com by November 30, 2012, or please call Mr. Raghavendra @ +91 80 4040 9950 / +91 97434 37999 or Arti @ +91 97434 37888.
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