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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 Lancaster Part II Pre-requisites
- Curriculum Design
- Assessment Weights
- Educational Aims
- Learning Outcomes
- Part 1 Modules Video
- Teaching Pattern
Syllabus Rules and Pre-requisites
- The student must take 1 modules from the following group:
Curriculum Design: Outline Syllabus
- Bond Markets and Interest Rate SecuritiesInterest Rates, Yield Curve and Measurement of Interest Rate RiskMortgage Backed Securities and SecuritizationEmbedded 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 tounderstand features of debt securitiesunderstand risks associatd with investing in bondsknow bond sectors and instrumentsunderstand yield spreadsproceed with basic valuation of simple debt securitiescompute different yield measures, spot rates and forward ratesmeasure interest rate risk using term structure and volatillity of interest ratesproceed with basic valuation of typical bonds with embedded optionsproceed with valuation of elementary interest rate derivative instrumentsunderstand securitizationknow 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.
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