Commodities, Derivatives and Structured Products

Equity Derivatives - Part 5


This eCourse consists of two modules. Module 1 covers the terminology surrounding equity options and the different payoffs that make them so attractive. Further, you will be introduced to warrants and how they compare with equity options.

Module 2 explains the structure of equity swaps, outline some of their uses and applications, and illustrate how they may be priced.


On completion of this tutorial, you will be able to:
- Recognize the terminology surrounding equity options and warrants
- List the typical payoffs associated with these instruments
- List the similarities of warrants to equity options
- Recognize how warrants can be a source of capital for the company
- Recall how warrants are effectively geared instruments and the effect of gearing
- Recognize an equity swap
- List the different features and uses of equity swaps
- Identify between the different types of equity swap
- Recall how to price an equity swap

Content Highlight

Module 1: Equity Options & Warrants
Topic 1: Equity Options
Topic 2: Warrants Terminology

Module 2: Equity Swaps
Topic 1: Fundamentals of Equity Swaps
Topic 2: Equity Index Swap Pricing & Payments

Administrative Details

Relevant Subject
Type 1 - Dealing in securities
Type 2 - Dealing in futures contracts
Type 4 - Advising on securities
Type 5 - Advising on futures contracts
SFC:1.50, PWMA:1.50
All Member: HKD460
Non-Member: HKD665
Staff of Corporate Member: HKD460