Authorised by Academic Registrar, April 1996
Objectives On completion of this subject participants should be able to demonstrate an understanding of the pricing and application of derivative products used in financial markets.
Synopsis Topics include interest rate swaps, including application and uses; foreign currency swaps; commodity-linked finance and energy derivatives (types, application and uses, pricing); the futures market, including interest rate, currency, equity and commodity futures; the options market, including exchange traded options and over the counter options; the forward rate agreement market; developments in derivatives markets.
Assessment Assignment and coursework: 50% + Examination (3 hours): 50%