Illustrative course outlines

At OTC we believe in tailoring our courses to meet each client’s specific requirements.  The illustrative course outline below gives an indication of the type of course content that we’ve been asked to deliver. For more information call us on +44 20 7700 3330 or email

Strategy & Leadership Finance & Commerce Investment Banking

Exotic FX Options

What is covered?

A review of exotic FX options and how these are used by banks and their clients, this course covers a vast array of FX options with clear explanations and exercises to test your understanding.

Who will benefit?

Participants looking for in depth options training in areas such as barrier, compound, digital, power, path dependent, chooser and multi factor options.  Prior knowledge of both FX and basic options is assumed.

Course content

Review of exotic options
    • What are exotic options?
    • Overview of main types
Barrier options
    • Knock - ins and knock - outs
    • Up and in/down and out
    • Double knock ins
    • Barrier option Greeks
    • Barrier and double barrier
    • Digital options
    • Cash or nothing
    • Asset or nothing
    • Range accruals
Compound options
    • Cash or nothing
    • Asset or nothing
Power options
Chooser options

Path dependent options
    • Average start and average strike options
    • Cliquet, ladder and shout options
Multifactor option structures
    • Basket options
    • correlation
    • Rainbow options


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