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Equity Swaps: A Complete Guide for Finance Professionals (Udemy.com)

Understand equity swap contracts, pricing, clearinghouse mechanics, and variance swap structures from basics to advanced

Created by: Starweaver Group

Last updated October 2026

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What you will learn

  • Understand what equity swaps are, how equity swaps work, and why they are widely used in financial derivatives markets
  • Explain equity swaps in detail, including key features, functions, and their role in financial markets
  • Analyze equity swaps examples to understand practical applications and real-world use cases
  • Determine pricing, and valuation issues of equity swaps
  • Assess different swap structures, including variations such as rainbow swaps, and variance swaps
  • Apply portfolio diversification strategies using swaps to manage and mitigate financial risk
  • Explain how equity swaps, along with related instruments, function within the broader financial derivatives ecosystem

How it compares

Against the other 376 rated Udemy courses in Finance & Accounting on CourseDuck:

  • Rating4.5 out of 5higher than 47% of them
  • Reviews606#165 of 377 by number of reviews
  • Length3.3 hoursshorter than 63% of them
  • Last updatedOctober 2026more recently than 97% of them

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Course Description

This course delivers a structured and in-depth overview of equity swaps, a critical instrument within the financial derivatives markets. It begins with a foundation in financial derivatives, then progresses into a detailed exploration of what equity swaps are, how equity swaps work, and their role in modern financial markets.

You will gain a clear understanding of equity swaps explained through real-world equity swaps examples, including how these instruments are used for risk management, portfolio diversification, and exposure to underlying assets without direct ownership. The course also examines OTC financial derivatives markets, including the role of clearinghouses and counterparty risk.

A strong emphasis is placed on pricing and valuation, where you will explore how equity swaps are assessed in the context of business valuation. You will also evaluate different swap structures, including stock swaps, and understand how variations such as variance swaps function within the broader derivatives landscape.

This course includes 18 lectures across 5 sections

  • Introduction to Equity Swaps

  • Equity Swap Contracts

  • OTC Clearinghouses

  • Equity Swap Structures and Applications

  • Variance Swaps

More about this course and Starweaver

This course is led by a seasoned capital markets industry practitioner and executive with many years of hands-on, in-the-trenches financial markets sales, trading and analysis work. It has been designed, produced and delivered by Starweaver. Starweaver is one of the most highly regarded, well-established training providers in the World, providing training courses to many of the leading financial institutions and technology companies, including:

Ahli United Bank; Mashreqbank; American Express; ANZ Bank; ATT; Banco Votorantim; Bank of America; Bank of America Global Markets; Bank of America Private Bank; Barclay Bank; BMO Financial Group; BMO Financial Services; BNP Paribas; Boeing; Cigna; Citibank; Cognizant; Commerzbank; Credit Lyonnais/Calyon; Electrosonic; Farm Credit Administration; Fifth Third Bank; GENPACT; GEP Software; GLG Group; Hartford; HCL; HCL; Helaba; HSBC; HSBC Corporate Bank; HSBC India; HSBC Private Bank; Legal & General; National Australia Bank; Nomura Securities; PNC Financial Services Group; Quintiles; RAK Bank; Regions Bank; Royal Bank of Canada; Royal Bank of Scotland; Santander Corporate Bank; Tata Consultancy Services; Union Bank; ValueMomentum; Wells Fargo; Wells Fargo India Solutions; Westpac Corporate Bank; Wipro; and, many others.

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Instructor Details

Starweaver Group

351,000+ learners trust Starweaver to build careers that last.

Starweaver is a global professional education company with many millions of learners globally (over 350,000+  enrolled learners, 51,000+ verified reviews on Udemy), and a roster of hundreds of practitioner-instructors operating across six continents. Every course and asset we create for you is crafted and delivered by REAL professionals (not AI avatars) who have worked in the exact roles you're training for, and the precise skills you see to develop.

No fluff. No theory-only lectures. Just skills you can apply from day one.

Finance, Capital Markets & Banking: Master financial modelling, derivatives, credit risk, fixed income, equity valuation, corporate finance, and capital markets. Ideal for CFA candidates, investment banking professionals, and anyone building a career in financial services.

Artificial Intelligence & Data Science: Learn Machine learning, Deep learning, Generative AI, ChatGPT, Prompt engineering, Power BI, Data analytics, and data visualisation - with hands-on projects built for real business environments.

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Reviews

4.5

606 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Anonymized User on 5/2/2025

It has deep dived to the world of OTC derivative specific to Equities showing extensive knowledge.

By Faisal Khan on 4/18/2023

I've taken a few other courses on equity swaps before, but this one is by far the most comprehensive. The instructor goes into detail on everything from the mechanics of swaps to the different types of equity swap structures you might encounter. If you're serious about mastering equity swaps, this course is a must!

By Zara mallick on 4/17/2023

course is expected to cover the mechanics of equity swaps, including how they work, how they are priced, and how they can be used to manage risk or generate returns.

By Aiyappa Achappa on 4/24/2022

it was good , so can provide the names of popular Clearing house or CCP used for Equity swaps Also name popular Dealers in swaps

By Aman Garg on 12/20/2021

Great content and instructor. Loved the way he delivered the course overall. Quite engaging and up to the mark. Doug is a genius for sure!

By Carlos Reyes on 10/11/2020

yes this is a good match and so far it has provided the type of information that I was looking for.

By Ta on 4/10/2020

Work in investment banking and needed a brush up. Excellent course outlining key principles and concepts, also some good examples of when products and strategies are used, something that often is not explained.

By Muhriz Nor Iskandar Mohamed Murad on 11/28/2018

Good. Practical examples may be good i.e operational issue i.e how buying and selling of shares are executed in equity swaps and sample legal documents. TQ

By Chad Adams on 10/5/2017

Provided a wide view of the concept, exactly what I need to learn where I would like to focus further study for application. Perfect structure for my learning style and exceeded my expectations.

By Keshav Inamdar on 7/24/2017

Subject covered well from an intuition basis. I expected the Mathematical details. I can't construct a trading strategy watching this.

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Overall Score : 90 / 100