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Number of hours
Lectures : 33.0
ECTS : 3.0
This unit provides an overview of financial markets: organization, products... After completing this unit, students should be able to 1) understand the mechanics of financial markets and derivative products such as forward and future contracts, options and swaps; 2) understand how to use such contracts to hedge portfolio risk; and 3) examine market prices to determine wether arbitrage bounds are violated.
Contact Philippe PROTIN
Financial markets organization: Nyse-Euronext example Forward and Futures contracts : STIR products such as Forward-Forward transactions, FRAs, 3-month Euribor Futures contracts; Fixed-income Futures contracts; Index and individual share Futures contracts. Options contracts: basics of option contracts, static and dynamic strategies Swaps: organization, strategies and valuation
Grading is only based on an open book final exam (3 hours) with calculators (no computer).