Overview

This course will give you a broad overview of this rapidly-evolving 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

  • 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 Ex-Clearinghouse
    • Cleared Swaps Compared to Swaps Done Ex-Clearinghouse (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)