OTC Learn

OTC Learn teaches the over-the-counter derivatives that sit behind institutional finance — one product at a time, in lessons short enough to finish on a commute. Thirty-six products across five asset classes, plus the market infrastructure they all sit on: • Interest Rate — Interest Rate Swap, Swaption, Forward Rate Agreement, Cap and Floor, Inflation Swap, Basis Swap • FX — FX Forward, FX Option, FX Swap, Non-Deliverable Forward, Cross-Currency Swap, Risk Reversal • Credit — Credit Default Swap, CDX Index, Total Return Swap, Credit-Linked Note, Asset Swap, Credit Index Option • Equity — Equity Swap, OTC Equity Option, Variance Swap, Contract for Difference, Dividend Swap, Autocallable Note • Commodity — Commodity Swap, Commodity Option, Commodity Forward, Crack Spread Swap, Weather Swap, Swing Option • Market Foundations — Collateral and the CSA, Central Clearing, Valuation and Marking, The ISDA Architecture, XVA and Counterparty Risk, Execution and Reporting Every product follows the same five-step arc: what it is, how it works, why it is used, the key terms you will hear, and the risks to watch — plus a worked example with real numbers, and a note on who actually trades it. Then a quiz checks what stuck. Each product has a bank of twelve questions, mixing true/false with multiple choice, and every sitting draws a different paper — weighted toward the questions you have missed, with the options reshuffled, so a retake tests the content rather than your memory of where the answer sat. Every answer comes with an explanation, including the ones you get right. WHO IT IS FOR Graduates heading into markets roles, professionals moving into a derivatives desk from another part of the business, students covering financial instruments, and anyone who has nodded along in a meeting about basis risk and wanted to actually understand it. OPTIONAL ACCOUNT, NO ADS, NO TRACKING Everything works without an account — your progress and your day streak are stored on your device. Sign in only if you want them to survive a reinstall or follow you to a new phone; it is off until you ask for it. There are no adverts, no advertising identifiers, and no analytics following you around. WORKS OFFLINE All 180 lesson steps, 216 key terms and 432 quiz questions in the free catalogue ship inside the app. Use it on the underground, on a plane, or anywhere else with no signal. MORE BY SUBSCRIPTION, IF YOU WANT IT Everything above is free and stays free. An optional subscription adds what came after it: 30 products, 150 lesson steps and 360 questions across Exotics, Risk & the Greeks, twelve Case Studies and Alternative Underlyings — barriers and digitals, DV01 and the Greeks, Barings to Archegos, perpetual swaps to longevity. It also adds a "Going deeper" section and a second question bank to every one of the 36 free products, so a quiz draws from twenty-four questions instead of twelve. What each free product shipped with stays free. You can read the app without ever seeing a purchase screen. TRACK WHAT YOU ACTUALLY KNOW Progress is a mastery score per product, not a tick. It moves toward each quiz result rather than replacing it, so one lucky run does not mark a product learned and one bad morning does not undo weeks of work. Asset-class rings, a day streak and a week strip show where you stand at a glance. MISSED QUESTIONS COME BACK Anything you get wrong joins a review queue and returns on a widening schedule — tomorrow, then in four days, then in ten. Answer it correctly enough times and it retires. An optional daily reminder nudges you at 7:30pm; it is off until you turn it on. Educational content only. Nothing in this app is financial advice, an offer to trade, or a recommendation to buy or sell any instrument.