n Investment Analysts Journal - Analysing some exotic options : EDS, instalments shares

Volume 2008, Issue 67
  • ISSN : 1029-3523
  • E-ISSN: 2077-0227
This article is unavailable for purchase outside of Africa



New varieties of equity derivative products have increased in popularity and market share over the past few years. One of the main motivations for writing this paper has been the lack of academic papers on the topic.

The products we want to investigate go under different names such as Enhanced Dividend Securities (EDS), HotEDS, Share Instalments, Darts and Property Plus, and are all of a specific type of exotic call option. The EDS, HotEDS and Property Plus instruments are issued by Investec; instalment shares are offered by ABSA, Nedbank, Standard Bank and Deutsche Bank; and all are traded on the JSE (full details are given in the web pages of the organizations: see the reference list).

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error