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
   
Aims
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.
Syllabus 
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 

Assessment

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