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CA Rakesh Lahoti - 6th September 2008. Lead by CA Rakesh Lahoti CA Raju C. Shah CA Bhailalbhai Patel Regional Council Members . CA Rakesh Lahoti - 6th September 2008. My Sincere Thanks to CA Raju C. Shah
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1. CA Rakesh Lahoti - 6th September 2008 “Derivative”A talk Organised byJamnagar Branch of WIRC of ICAI
2. CA Rakesh Lahoti - 6th September 2008 Lead byCA Rakesh LahotiCA Raju C. ShahCA Bhailalbhai PatelRegional Council Members
3. CA Rakesh Lahoti - 6th September 2008 My Sincere Thanks toCA Raju C. Shah & CA Bhailalbhai Patelfor their assitance and inspiration. - CA Rakesh Lahoti
4. CA Rakesh Lahoti - 6th September 2008 DisclaimerLeader is not an Expert and is expected to just share his knowledge on the subject. He has been confirmed by Branch that members shall not ask any questions which are difficult in nature.
5. CA Rakesh Lahoti - 6th September 2008 What is Derivative?
6. CA Rakesh Lahoti - 6th September 2008 A derivative is a product whose value is derived from the value of an underlying asset, index or reference rate
The underlying asset can be equity, forex, commodity or any other asset
7. CA Rakesh Lahoti - 6th September 2008 Why is Derivatives?
8. CA Rakesh Lahoti - 6th September 2008 “A Tool to Hedge Risk” for Businessmen
9. CA Rakesh Lahoti - 6th September 2008 “A Tool to Optimise Returns”for Systemetic Investors
10. CA Rakesh Lahoti - 6th September 2008 “A Tool to make Fast Money”for Speculators
11. CA Rakesh Lahoti - 6th September 2008
Hence whether it is A Tool
“to Hedge Risk”
“to Optimise Returns”
“to make Fast Money”
Game of View
To satisfy
Need & Greed
12. CA Rakesh Lahoti - 6th September 2008
What we discussed was concept
Let us walk through
The Platform
13. CA Rakesh Lahoti - 6th September 2008 Derivatives is broadly divided into three terminologiesFutures, Options & Swaps
14. CA Rakesh Lahoti - 6th September 2008 Futures is a Game of View A futures contract is an agreement between two parties to buy or sell an asset at a certain time in the future at a certain price
15. CA Rakesh Lahoti - 6th September 2008 Options is operated mainly throughCall option (Option to Buy)Put option(Option to Sell)One who pays premium has right and One who receives premium has obligation
16. CA Rakesh Lahoti - 6th September 2008 Swaps is ExchangeEarlier it used to beWheat to RiceNow it isRupee to DollarRupee to Yen etc
17. CA Rakesh Lahoti - 6th September 2008
What we discussed was concept
Let us discuss strategies
18. CA Rakesh Lahoti - 6th September 2008