The Committee on Financial Market and Investors’ Protection (CFMIP) is one of the Non-Standing Committees of the ICAI which conducts Certificate Course on Derivatives for professional development of members in this field. This course covers financial derivatives such as forward contracts, futures contracts, options, swaps and other recently created derivatives. It follows pragmatic approach and discusses both the derivative markets and the derivative products and their use. The emphasis of the course is on the successful execution of financial strategies using derivatives as product. It focuses on practical understanding of how the derivative markets function, how the derivative products are used and why they are used and how they are usually priced.