The aim of Financial Derivatives Principles (SP6) is to develop a student’s ability to understand different types of financial derivatives and their uses, the markets in which they are traded, methods of valuation of financial derivatives, and the assessment and management of risks associated with a portfolio of derivatives.
It builds on material covered in earlier subjects, particularly Loss Reserving and Financial Engineering (CM2).
Financial Derivatives Principles (SP6) core reading is available from the IFoA E-Shop or our tuition provider ActEd (BPP).
From September 2021, an additional 5 minutes has been added to each paper to allow for candidates to download or print, if required, their exam paper.
Resources for SP6
Past papers and examiners reports for SP6
SP6 Syllabus for 2024 Exams (PDF, 169 KB)
Financial Derivatives Principles (SP6) core reading
Exam format: 3 hours 20 minutes computer-based exam (Word)
Recommended study hours: 200