Total Return Swaps & Funding

Level: Advanced

This course provides a comprehensive understanding of total return swaps and explains their purpose, applications, pricing mechanisms and hedging strategies. To understand total return swaps, we first need to understand how a trade is funded. The Repo and Security Lending markets are introduced and the concept of short selling is explained. We then look at the mechanics of a total return swaps and compare it with forwards and futures. Finally, we expand on this analysis to provide an overview of all "delta one" instruments. This course will help you gain a thorough understanding of total return swaps and their broader financial context. 
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Study Time

3 hours

Interactive Lectures

6 e-lectures

Case Study

0 case study

Knowledge Check

2 Assignment

Course contents

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