 | | |
| FINA0036-1 | Fixed Income Securities
|
|
| Duration : | 30h Th |
|
| Number of credits : |
|
|
| Lecturer : | Laurent Bodson |
|
Language(s) of instruction :
|
| French language |
|
Organisation and examination :
|
| Teaching in the first semester, review in January |
|
Course contents :
|
| The main objective of this lecture is to provide a global overview about the fixed income securities. The first part is devoted to the key variable of the fixed income securities valuation, i.e. the interest rates. The second part presents the characteristics and valuation of the fixed income securities, more precisely the valuation of bonds. The following parts analyze the financial risks of these securities; namely the credit and interest rate risks. These parts address the risk measurement and the corresponding hedging strategies. The last parts concern the exchange rates, the risk and other hedging instruments. |
|
Learning outcomes of the course :
|
| Understand the available universe of fixed income securities. Analyze the valuation and sensitivities of fixed income securities. Measure the underlying risks of fixed income securities. Create hedging strategies. |
|
Prerequisites and co-requisites/ Recommended optional programme components :
|
| No prerequisites. Recommended lectures: Financial modelling and portfolio management [FINA0039-1] and Derived financial instruments [FINA0038-1]. |
|
Planned learning activities and teaching methods :
|
| Ex-cathedra lectures (theory), case studies, exercises and financial simulations. |
|
Mode of delivery (face-to-face ; distance-learning) :
|
| Face-to-face. |
|
Recommended or required readings :
|
| All documents are available at http://campushd.hec.ulg.ac.be/ |
|
Assessment methods and criteria :
|
| Written exam (theoretical questions and exercises). |
|
Work placement(s) :
|
| |
|
Organizational remarks :
|
| |
|
Contacts :
|
| Affiliate Professor: Laurent.Bodson@ulg.ac.be |
|
