
Module Five provides an in-depth exploration of futures and forward markets, focusing on the fundamental concepts and nature of these financial instruments.
It details various types of financial futures and forward contracts, including interest rate and foreign currency futures.
The module emphasises the role of hedging and the practice of long hedging using futures and forward contracts, it also includes sections on learning outcomes, summaries, and self-assessment questions to reinforce understanding in a holistic manner the importance of hedging and derivatives in market operations and analysis.