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AC.F304: Bond Markets


Department: Accounting and Finance NCF Level: FHEQ/QCF/NQF6//RQF6
Study Level: Part II (final year) Credit Points: 15.0
Start Date: 15-01-2018 End Date: 27-04-2018
Available for Online Enrolment?: Y Enrolment Restriction: Fully available to all students
Module Convenor: Dr J Groba

Syllabus Rules and Pre-requisites

  • The student must take 1 modules from the following group:

Curriculum Design: Outline Syllabus

  • Bond Markets and Interest Rate Securities
    Interest Rates, Yield Curve and Measurement of Interest Rate Risk
    Mortgage Backed Securities and Securitization
    Embedded options and Interest Rate Derivatives
     

Curriculum Design: Pre-requisites/Co-requisites/Exclusions

  • Ac.F 214a, AcF 214b

Curriculum Design: Single, Combined or Consortial Schemes to which the Module Contributes

  • Departmental degree schemes, eg. BA/BSc in Accounting & Finance, BSc in Finance etc. Plus open to other suitable qualified students on other LUMS degrees.
  • 75% Exam
  • 25% Coursework

Assessment: Details of Assessment

  • Fixed income securities are one of the major asset classes, and recent developments in debt markets (bankruptcies and reorganisation of key global players) call for deeper understanding of this key area of the financial spectrum.

    This module develops your intellectual and practical understanding of the organisation and structure of bond markets, introducing you to the main problems and issues relevant in the management of interest rate risk and the principles governing the valuation of fixed income securities and their derivatives.

Educational Aims: Subject Specific: Knowledge, Understanding and Skills

  • Intellectual and practical understanding of the organization and structure of debt markets, issues relevant in the management of interest rate risk and principles governing the valuation of fixed income securities and their derivatives.

Educational Aims: General: Knowledge, Understanding and Skills

  • Students will be provided with an overview of the fixed interest finance markets and detailed coverage at specific aspects there of.

Learning Outcomes: Subject Specific: Knowledge, Understanding and Skills

  • On successful completion of this module students will be able to
    understand features of debt securities
    understand risks associatd with investing in bonds
    know bond sectors and instruments
    understand yield spreads
    proceed with basic valuation of simple debt securities
    compute different yield measures, spot rates and forward rates
    measure interest rate risk using term structure and volatillity of interest rates
    proceed with basic valuation of typical bonds with embedded options
    proceed with valuation of elementary interest rate derivative instruments
    understand securitization
    know about recent developments in bond markets

Learning Outcomes: General: Knowledge, Understanding and Skills

  • On successful completion of this module students will be able to:
     
    Understand and analyse recent developments in bond markets, place this knowledge in the context of the financial markets, and hence be better equipped to seek employment in this area/understand if it is working elswhere.

Contact Information

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