units

LAW7479

Faculty of Law

18 September 2017 22 November 2024
Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

LevelPostgraduate
FacultyFaculty of Law
OfferedNot offered in 2012

Notes

For postgraduate Law discontinuation dates, please see http://www.law.monash.edu.au/current-students/postgraduate/pg-disc-dates.html

Synopsis

The unit examines the law and practice of debt capital markets transactions. The course focuses on Australian law but also deals with English law as well as EU law and US law aspects as they are relevant to Australian issuers accessing the international capital markets.
The course examines how debt capital markets work. There is an in depth analysis of the structure, the documents and the regulation of each of:

  1. Australian domestic capital markets;
  2. Australian issuers accessing the Euro markets; and
  3. Australian issuers accessing the US markets.
There will also be a discussion of various other markets which are able to be accessed by Australian issuers.

Outcomes

On completion of this unit, students should:

  • have an understanding of how the Australian and key international debt capital markets operate and how Australian issuers can access these markets;
  • have an understanding of the historical development of these markets and their importance;
  • understand in detail the documentary process for debt capital markets transactions and the differences between the Australian and other international debt capital markets;
  • have a good general understanding of how an issue into the debt capital markets is undertaken, including the listing process and the clearing systems;
  • understand the key regulation of issues (and secondary sales) in the debt capital markets and the differences between Australian, European and US regulation, and how an issue may be affected by more than one system of regulation; and
  • have a broad understanding of the key tax considerations in accessing the Australian domestic debt capital markets and have an overall understanding of how the USA attempts to regulate bearer bank issues which may come into the United States.

Assessment

Class participation (preparation and participation in discussion at one session: 10% (awarded for satisfactory participation); one research assignment (3,375 words): 45%; one take-home examination (3,375 words): 45%.

Chief examiner(s)

Mr Rowan Russell

Contact hours

24 contact hours per teaching period (either intensive, semi-intensive or semester long, depending on the Faculty resources, timetabling and requirements).

This unit applies to the following area(s) of study

Commercial Law

Prerequisites

LAW7263 or its equivalent