About Derivatives for the Level II CFA Exam

This forum contains discussion of Derivatives for the Level II CFA exam.

  • Derivatives is covered in Study Session 14
  • Derivatives has an exam weight of 5-10%

Study Session 14

“This study session introduces key valuation concepts and models for forward commitments (forwards, futures, swaps) and contingent claims (options). Option coverage includes the “Greeks,” which measure the effects on value of small changes in underlying asset value, time, volatility, and the risk-free rate. ”
Source: CFA Institute