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Establishment
Language of instruction
English
Teaching content
FINANCE
Training officer(s)
L.MENG
Stakeholder(s)
L.MENG
Présentation
Prerequisite
- Basic financial management skills
- Basic knowledge of financial markets and instruments
- Basic knowledge of financial markets and instruments
Goal
At the end of the course, the student should be able to:
- Be familiarised with bond markets and instruments
- Understand the underlying principles of bond valuation and analyse the market value of bonds
- Be aware of the role of credit ratings in bond market and apply them in credit risk assessment
- Be aware of the risks associated with bond investment and apply derivative instruments for risk mitigation
- Be aware of the motivations and the pass-through structure of ABS
- Be familiarised with bond markets and instruments
- Understand the underlying principles of bond valuation and analyse the market value of bonds
- Be aware of the role of credit ratings in bond market and apply them in credit risk assessment
- Be aware of the risks associated with bond investment and apply derivative instruments for risk mitigation
- Be aware of the motivations and the pass-through structure of ABS
Presentation
Part 1: Overview
1. Fixed income instruments
2. Bond features
3. Initiation and market mechanism
4. Current issues in bond market
Part 2: Bond valuation fundamentals
1. Present value and bond yield
2. Mechnism of non-standard bonds
Part 3: Credit ratings
1. The use of ratings and the role of rating agencies
2. Credit analysis
3. Rating behaviour
Part 4: Applications of derivatives in bond investment
1. Interest rate derivatives
2. Credit derivatives
Part 5: Asset-backed Securitisation (ABS)
1. Motivation of ABS
2. Pass-through structure
3. Role of offshore centers
4. Implications for financial stability
1. Fixed income instruments
2. Bond features
3. Initiation and market mechanism
4. Current issues in bond market
Part 2: Bond valuation fundamentals
1. Present value and bond yield
2. Mechnism of non-standard bonds
Part 3: Credit ratings
1. The use of ratings and the role of rating agencies
2. Credit analysis
3. Rating behaviour
Part 4: Applications of derivatives in bond investment
1. Interest rate derivatives
2. Credit derivatives
Part 5: Asset-backed Securitisation (ABS)
1. Motivation of ABS
2. Pass-through structure
3. Role of offshore centers
4. Implications for financial stability
Modalités
Organization
| Type | Amount of time | Comment | |
|---|---|---|---|
| Présentiel | |||
| Cours magistral | 12,00 | ||
| Cours interactif | 3,00 | ||
| Coaching | 1,00 | ||
| Autoformation | |||
| Recherche | 3,00 | ||
| E-Learning | 3,00 | ||
| Lecture du manuel de référence | 3,00 | ||
| Travail personnel | |||
| Charge de travail personnel indicative | 6,00 | ||
| Group Project | 6,00 | ||
| Overall student workload | 37,00 | ||
Evaluation
Assessment will be based on participation, group presentation and written coursework assignment. Written feedback will be sent to students by email.
| Control type | Duration | Amount | Weighting |
|---|---|---|---|
| Contrôle continu | |||
| Participation | 16,00 | 0 | 20,00 |
| exposé | |||
| exposé | 0,40 | 1 | 40,00 |
| Autres | |||
| Rapport écrit | 2,00 | 0 | 40,00 |
| TOTAL | 100,00 | ||
Ressources
Bibliography
FABOZZI and MANN, 2012, The Handbook of Fixed Income Securities, 8th ed., McGraw-Hill. -
Internet resources