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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 programme will equip you to use, price and manage risk across the wide variety of different equity derivative products. 

The programme 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:
  • 26th - 28th October 2020
  • Venue:
  • Central London and remotely via LFS LiveLFS Live
  • Fee:
  • £1265 per day

This course is also available in New York 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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