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Equity Derivatives 1: Dividends, Swaps, and Options

Equity indices, dividends, forwards, swaps, and options are an essential part of the financial marketplace. This program will equip you to use, price, and manage risk across the wide variety of different equity derivative products. 

The program starts with the building blocks of equity market indices, dividends, futures, and forwards. From there, it progresses to equity and dividend swaps. It covers issues in swap valuation including collateral and credit risk as well as the practical applications of swaps in corporate finance, M&A activity, and investment management.

Day two focuses on advanced issues in trading equity swaps and options. This includes the definition, types, and uses of different equity options. It then progresses to teach practical applications and strategies across risk management, trading, corporate treasury, and investment management. 

Day three covers the essentials of option pricing, including the Black-Scholes model, hedging, and option sensitivities (the “Greeks”). It then teaches various strategies to trade views on volatility using equity options.

The approach is hands-on and learning is enhanced through many practical exercises covering hedging, valuation, and risk management. The exercises use Excel spreadsheets which participants can take away for immediate implementation.

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  • Date:
  • 11th - 13th May 2020
  • Venue:
  • Manhattan - New York
  • Fee:
  • US$1595 per day

This course is also available in London and Singapore

Who The Course is For

  • Equity and Derivative sales, traders, structurers, quants, and relevant IT personnel
  • Asset allocation managers
  • Equity portfolio managers
  • Company finance executives, corporate treasurers, and investment bankers
  • Risk managers, finance, and IPV professional
  • Auditors and accountants

Learning Objectives

  • Gain familiarity with corporate structure, types of equity, indices, dividends, repos / stock lending, futures, and forwards – and how to use them
  • Learn about equity and dividend swap products, their uses in trading, M&A, and portfolio management –  and how to price them and manage the various risks
  • Become familiar with equity options, their definitions and characteristics – learn how to price them and manage their risk, and how to use them for taking equity risk, yield enhancement, and portfolio protection
  • Understand strategies designed to trade / hedge volatility using options

Prior Knowledge

Basic knowledge of Microsoft Excel and a general understanding of equity markets.

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