Overview
This course will give you a broad overview of this rapidlyevolving section of the derivatives markets. Swaps in general will be introduced, and then the course will segue into an introduction to equity swaps, look at the various details of the contracts, the applications that market participants use them for, as well as pricing and valuation issues.
This course contains 18 lectures among 5 sections, including:
 Introduction to Equity Swaps
 Equity Swap Contracts
 OTC Clearinghouses
 Equity Swap Structures and Applications
 Variance Swaps
Learning Outcomes
What you'll Learn
 You'll learn the basics and fundamental principles of equity swaps
 You'll learn pricing and valuation issues of equity swaps
Course curriculum

1
Slack Channel  Discussion Forum
 Slack Channel

2
Introduction to Equity Swaps
 Introduction to Swaps FREE PREVIEW
 Introduction to Swaps (Slides)
 Equity Swap Exposures and Users of Equity Swaps FREE PREVIEW
 Equity Swap Exposures and Users of Equity Swaps (Slides)
 Potential Advantages of Equity Swaps Versus Alternatives
 Potential Advantages of Equity Swaps Versus Alternatives (Slides)

3
Equity Swap Contracts
 Equity Swap Contract Features
 Equity Swap Contract Features (Slides)
 Exposures Created by Equity Swaps
 Exposures Created by Equity Swaps (Slides)
 Equity Swap Contract Illustration
 Equity Swap Contract Illustration (Slides)
 Equity Swap Contract Illustration and Economic Equivalents
 Equity Swap Contract Illustration and Economic Equivalents (Slides)

4
OTC Clearinghouses
 Swaps Versus Economic Equivalents and OTC Clearinghouses
 Swaps Versus Economic Equivalents and OTC Clearinghouses (Slides)
 Cleared Swaps Compared to Swaps Done ExClearinghouse
 Cleared Swaps Compared to Swaps Done ExClearinghouse (Slides)
 Functioning of OTC Clearinghouse
 Functioning of OTC Clearinghouse (Slides)

5
Equity Swap Structures and Applications
 Variations in Equity Swap Structures, Swap Pricing and Valuation
 Variations in Equity Swap Structures, Swap Pricing and Valuation (Slides)
 Swap Pricing, Early Termination and Risk Management with Swaps
 Swap Pricing, Early Termination and Risk Management with Swaps (Slides)
 Tactical Asset Allocation Using Equity Swaps
 Tactical Asset Allocation Using Equity Swaps (Slides)
 International Diversification Using Equity Swaps
 International Diversification Using Equity Swaps (Slides)
 Diversifying Concentrated Portfolios Using Equity Swaps
 Diversifying Concentrated Portfolios Using Equity Swaps (Slides)

6
Variance Swaps
 Rainbow Swaps and Variance Swaps
 Rainbow Swaps and Variance Swaps (Slides)
 Introduction to Variance Swap and Contract Features
 Introduction to Variance Swap and Contract Features (Slides)
 Variance Swaps Gains and Losses, Applications of Variance Swaps
 Variance Swaps Gains and Losses, Applications of Variance Swaps (Slides)