UNIVERSITY OF LIVERPOOL

ACFI310: Derivative Securities

Final Examination Guide and Notes 2026

Part 01: About This Guide

Part 02: Sample Final Examination Paper

Part 03: Suggested Solutions to Final Exam Paper

Part 04: Final Examination - Hints and Tips

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University of Liverpool - Derivative Securities (ACFI310)

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ACADEMIC YEAR 2026 - 2027

University	University of Liverpool
Module Code	ACFI310
CATS Level	Level 6 FHEQ
CATS Value	15
Module Name	Derivative Securities
Notes Title	Final Examination Guide and Notes
Page Length	30

This authentic examination guide provides you with an excellent opportunity to familiarise yourself with the content and format of the updated final exam 2026 for the ACFI310: Derivative Securities at the University of Liverpool; and to practise useful exam techniques. It focuses on core exam questions, with clear, simple diagrams that are easy for you to understand and recall in the final exam. This self-study set has been thoroughly updated to cover all the topics contained in the latest edition of the exam, then you will take the final exam with complete confidence.

This course introduces derivative securities, including forwards, futures, options, and exotic contracts, focusing on their properties, valuation, and applications. Students will explore pricing models such as the binomial method and the Black-Scholes model, along with key concepts like option Greeks, volatility structures, and biases in pricing models. The course also examines how derivatives are used in arbitrage, hedging, and speculation, equipping students with the skills to apply appropriate models to various financial instruments.

The syllabus also covers the structure of derivative markets, securitisation, and the role of derivatives in financial crises. Practical topics include risk management techniques such as value at risk (VaR) estimation and specialised derivatives like those linked to weather, energy, and insurance. By the end of the course, students will be able to assess derivative strategies based on market conditions, apply evolving pricing models, and understand the complexities of risk transfer in volatile financial environments.

MODULE CODE	MODULE NAME
ACFI101	Introduction to Financial Accounting
ACFI102	Introduction to Management Accounting
ACFI103	Introduction to Finance
ACFI201	Financial Reporting 1
ACFI204	Financial Management
ACFI225	Econometrics for Finance 1
ACFI231	Theory of Finance I
ACFI234	Theory of Finance II
ACFI304	Business Finance
ACFI309	Financial Reporting 2
ACFI310	Derivative Securities
ACFI321	Capital Markets
ACFI342	Financial Risk Management
EBUS205	Business Analytics
ECON112	Statistics & Data Analysis for Economics and Business
ECON121	Principles of Microeconomics
ECON123	Principles of Macroeconomics
ECON154	Statistical Foundations of Business Analytics
ECON210	Principles of Economics 2
ECON213	Econometrics 2
ECON222	Microeconomics 2
ECON233	Introductory Econometrics for Business & Economics
ECON241	Securities Markets
MKIB153	Fundamentals of Marketing
ULMS151	Organisations and Management

UKNOTES

University of Liverpool - Derivative Securities (ACFI310)

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