Duration
30h Th
Number of credits
| Advanced Master in Financial Risk Management | 5 crédits |
Lecturer
Language(s) of instruction
English language
Organisation and examination
Teaching in the first semester, review in January
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
Financial derivatives are increasingly sophisticated and financial engineering is more and more present in structured financial instruments, even if sometime hidden in a creative pay out of the instrument.
The internationalization of capital markets increases the complexity of the issues to be addressed. Every day, the financial manager is confronted with the questions of hedging exchange rate risks or interest rate risks, while other stakeholders only speculate on market movements.
The goal of this course is to provide a fundamental and advanced knowledge of the concepts derivative products, pricing mechanisms and hedging strategies in the financial industry.
- Introduction and course objectives
- Basics of financial mathematics
- Assets to become underlying assets
- Overview of Derivatives
- Interest rate derivatives (Forward, Futures and Interest rates swap)
- Fundamental of options
- Exotic options and strategies
- Credit risk and weather derivatives
- Regulatory and accounting (cash flow hedge, Fair value hedge)
Learning outcomes of the learning unit
The goal of this course is to provide a fundamental and advanced knowledge for the concepts of derivative instruments, their pricing mechanisms and usage for speculation or hedging strategies in the financial industry.
Prerequisite knowledge and skills
Basic knowledge of financial markets and instruments underlying derivative products will in any case be refreshed. Affinity with financial concepts and mathematics are assets, but not mandatory.
Planned learning activities and teaching methods
Classic course sessions which can be supplemented by practical exercises in Excel
Mode of delivery (face to face, distance learning, hybrid learning)
Blended learning
Additional information:
Hybrid lecturing (online during workdays and on-site sessions on Saturdays)
Recommended or required readings
Hull J.C.-Options_Futures_and_Other_Derivatives_11th
Exam(s) in session
Any session
- In-person
written exam ( multiple-choice questionnaire, open-ended questions ) AND oral exam
Additional information:
During the final evaluation, the student should demonstrate a good understanding of theoretical concepts and be able to resolve practical exercises. To test all competencies, the testing allocation for the first session will be based on a multiple choices questionnaire and open questions. In case of failure, second session exams will be organized in the form of oral exam
Work placement(s)
not applicable