1. Forward Market
1.1. Forward transactions
1.1.1. Forward rate quotation (F-S)/S
1.1.1.1. + => premium
1.1.1.2. - => discount
1.1.2. Classifications
1.1.2.1. swap foward
1.1.2.1.1. two transactions: spot + forward
1.1.2.2. outright forward
1.1.2.2.1. one transaction
1.1.3. Value date
1.1.3.1. t+2 plus n months
1.1.3.2. end-end rule
1.1.3.3. month-end rollback
1.1.4. Spread
1.1.4.1. order cost +
1.1.4.2. inventory cost +
1.1.4.3. competiton -
1.1.4.4. volume -
1.1.4.5. currency risk +
1.1.4.6. ?
1.1.5. Liquid
1.1.5.1. counterparty risk
1.1.5.1.1. credit limit
1.1.5.1.2. deposit
1.1.5.1.3. collateral
1.1.5.2. non-standerlized contracts
1.1.5.3. inventory cost
2. Futures market
2.1. currency future market
2.2. compare forward & future market
2.2.1. exchanging tranding
2.2.2. terms
2.2.3. price
2.2.4. contract size
2.2.5. maturity
2.2.6. credit risk
2.2.7. margin account to mitigate credit risk
2.2.8. and table ( trong slide bang xanh)
3. Option market
3.1. Types
3.1.1. American options
3.1.2. Europrean options
3.1.3. Europrean options
3.2. markets
3.2.1. OTC
3.2.2. organized exchange
3.2.3. organized exchange
3.3. profit and loss
3.3.1. call option
3.3.1.1. buyer : - P - X + S
3.3.1.2. writer : + P + X - S
3.3.2. put option
3.3.2.1. buyer : - P + X - S
3.3.2.2. writer : + P - X + S
3.3.2.3. writer : + P - X + S