5. Financial Markets and Products → Markets organization including participants → Derivatives on all 4 sectors (Equity, Fixed Income, FX and Commodities): Forward & Options. Hedging strategies versus speculative strategies → How futures/forwards markets work. Using futures/forwards with among others: the margin process, basis risk, number of contracts needed → Fixed Income with among others interest compounding, risk analysis, Bonds, MortgageBacked Securities and Rating Agencies Exam Weight: 30%