Module Catalogues, Xi'an Jiaotong-Liverpool University   
Module Code: ACF408
Module Title: Fixed Income and Derivative Instruments
Module Level: Level 4
Module Credits: 5.00
Academic Year: 2019/20
Semester: SEM2
Originating Department: International Business School Suzhou
Pre-requisites: N/A
The aim of this module is to teach students how to describe fixed income securities (cash and derivative) and their markets, yield measures, risk factors, and valuation measures and drivers. Students will be taught how to calculate yields and values of fixed-income securities. The student will also be trained in the usage of industry analytic systems that are essential for this highly quantitative area of financial markets.
Learning outcomes 
A. Demonstrate a systematic understanding of knowledge, and a critical awareness of, current issues in the area of professional practice related to fixed income, cash and derivative, instruments

B. Demonstrate originality in the application of knowledge, together with a practical understanding of established, applied techniques of research and analysis as used to interpret knowledge and practice in the area of fixed income and derivative instruments.

C. Demonstrate conceptual understanding that enables the student to evaluate methodologies and develop critiques of them and, where appropriate, propose new practices in the field.

Method of teaching and learning 
This module will be taught using a combination of lecturers, tutorials and investment seminars in the Thomson Reuters financial lab. Learning will be reinforced by appropriate readings from both the textbook and topical articles in the financial press.
Fixed income securities and their characteristics

Fixed income markets and institutional participants

Term structure of interest rates

Interest rate risk

Credit risk

Bonds with embedded options

Structured products

Forward markets and instruments

Futures markets and instruments

Options markets and instruments

Swaps markets and instruments

Credit derivative markets and instruments

Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester 13   13    13    111  150 


Sequence Method % of Final Mark
1 Mid-Term Test 20.00
2 Coursework 30.00
3 Online Open Book Exam 50.00

Module Catalogue generated from SITS CUT-OFF: 6/3/2020 1:45:57 AM