The Derivatives Fundamentals Course (DFC)®


DFC® provides an introduction to forwards, futures, swaps, and options. This is also the first step required towards becoming options-licensed.

The Derivatives Fundamentals Course (DFC)®, offered by the Canadian Securities Institute (CSI), is an introduction to derivatives. The course focus is on options; however, forwards, futures, and swaps are also introduced. The DFC®  is the first of two courses required to obtain an Options license. It will also enable a licensed Investment Advisor (IA) to sell exchange-traded funds (ETFs) and managed future funds.

Oliver’s DFC® Study Notes are designed to support the DFC® and do not constitute actual enrollment in the course. Students must enrol with the Canadian Securities Institute (CSI) at in order to write the Derivatives Fundamentals Course (DFC)®.

DFC Study Notes:

  • Highlight core points likely to be tested on exam
  • Condense and simplify course content with examples
  • 132 “Review Questions” in total (questions follow chapters to which they correspond)
  • Questions are similar to actual exam
  • “Practice Exam” with 75 questions and answers at end of book tests your readiness to challenge actual exam
  • 194-page book