| Educational guide Faculty of Business and Economics |
english |
| Business Management (2016) |
 Subjects |
| FINANCIAL PRODUCTS AND INSTRUMENTS |
| Contents |
| IDENTIFYING DATA | 2023_24 |
| Subject | FINANCIAL PRODUCTS AND INSTRUMENTS | Code | 16665211 | |||||
| Study programme |
|
Cycle | 2nd | |||||
| Descriptors | Credits | Type | Year | Period | ||||
| 3 | Optional | First | 2Q |
|||||
| Competences | Learning outcomes | Contents |
| Planning | Methodologies | Personalized attention |
| Assessment | Sources of information | Recommendations |
| Topic | Sub-topic |
| Topic 1. Financial assets. Assets and fixed income markets | 1.1. Concept and type of assets 1.2. Financial structures of a fixed income asset 1.3. Public and private fixed income markets |
| Topic 2. Value, profitability and risk of a fixed income asset | 2.1. Value and price of a fixed income asset 2.2. Profitability of a fixed income asset 2.3. Risks associated with a fixed income asset 2.4. Interest risk: reinvestment risk and price risk |
| Topic 3. Interest rates in fixed income markets | 3.1. Spot interest 3.2. Forward or implicit interest 3.3. Temporal structure of interest rates and yield curve 3.4. Explanatory theories of ETTI |
| Topic 4. Quantification of interest risk: duration and complementary measures | 4.1. Introduction 4.2. Duration of a fixed income asset 4.3. Duration properties 4.4. Duration utilities 4.5. Complementary measures to duration: convexity and dispersion of flows around the planning horizon |
| Topic 5. Portfolio management strategies | 5.1. Passive management based on immunization 5.2. Active management 5.3. Mixed strategies |
