Equity Derivatives

This course covers the different derivatives that are based on the price of an underlying equity or index.

It explains equity swaps, looking at the features of these and how they are settled and traded. It explains the effect of corporate actions and how these are handled. Dividend swaps are explained – including the different types and how they are used. Participants will examine the features and benefits of equity index futures.

Finally, the course covers the basics of exchange traded equity options.


This course is for individuals with a working knowledge of equity and derivative markets.

Learning Outcomes

At the end of this course participants should understand:

  • The characteristics and applications of equity swaps
  • Quanto and dividend swaps
  • The basics of exchange-traded equity options

Course Content

Equity Swaps

  • Key features and cash flows
  • Swap counterparties
  • Hedging swaps
  • Swap settlement
  • Dividend treatment
  • Quanto swaps

Applications of Equity Swaps

  • Leverage
  • Tax considerations

Dividend Swaps

  • Fixed VS floating swaps
  • Dividend swaps rationale
  • Market flow

Equity Futures

  • Pricing equity futures and equity index futures
  • Equity index liquidity

Exchanged-Traded Equity Options

  • Trade conventions
  • Investment strategies


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Why study with Alpha?

Innovation and creativity born from experience

We are thought leaders in instructional and learning journey design and holistic solution architects. We have extensive finance and investments experience combined with skills application to deliver performance improving results. We develop immersive learning environments that maximize time to productivity, support talent retention and added value to improving quality of hires.

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We are focused on mining the embedded organisational intellectual capital for the benefit of the next generation. We create and curate best in class practice gathered from our experience with the leading financial institutions. We design our programmes with the end in mind – what results are you trying to achieve with this intervention? What metrics will we set ourselves to achieve that?

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The team are so friendly and pleasant to work with, everyone is very professional and keen to help us. Building a relationship over the past couple of years helps us to feel like the Alpha team are even more able to understand our needs and provide more proactive solutions.
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