Derivatives, such as Futures and Options, are agreements between two parties where either both parties are obliged to fulfill their agreement or only one of them. A Clearinghouse centralizes the counterparty risk. To ensure that all obligations are met, the clearinghouse requires collateral to cover for potential defaults. The Margin requirement is calculated with a Margin method. One such method is SPAN®, Standard Portfolio Analysis of Risk.
The course is held at Nasdaq Stockholm, Tullvaktsvägen 15.