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