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Subject overview


STUDY MODE

100% online

AQF LEVEL

8

NEXT INTAKE

4 Mar 2024

SUBJECT DURATION

12 weeks

SUBJECT FEE

$2,600.00


This subject provides an overview of non-equity markets, with a primary focus on interest rate markets and foreign exchange markets. It investigates fixed interest products and their use in wealth creation, financing and the management of interest rate risk. Fixed interest pricing calculations are also discussed, along with the management of an interest rate portfolio. This subject lastly examines the role of foreign exchange rates and other assets in portfolio management. Students apply this knowledge via critical analysis of journal articles, and analysis of a company in a fictional case study.

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Subject information

Learning Outcomes

On successful completion of this subject, individuals should be able to:

  • Discuss the factors that influence interest rate markets and prices.
  • Discuss the features of short term and long term physical debt securities.
  • Analyse fixed interest derivatives and securitized products.
  • Compare the characteristics of Australian and international fixed interest markets, as well as understand the various government and non government debt products.
  • Understand the features of the foreign exchange markets and assess foreign exchange products and derivatives.
  • Evaluate non-equity financial markets and their role in portfolio management.

 

Topics covered

  1. Factors affecting interest rates
  2. Interest rate calculations and measurements
  3. Physical fixed interest securities
  4. Fixed interest derivatives and other debt products
  5. Non-government debt markets
  6. International debt markets
  7. The FX market
  8. FX borrowing and risk
  9. Portfolio management implications

Reading list

There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan Professional’s online databases. Individuals are encouraged to research and read widely on the topic.

Reading list

Assessments

Assessment typeAssessedWeighting
Assignment 1Week 420%
Assignment 2Week 840%
ExaminationWeek 1240%

Previous study requirements

Duration

The duration of this subject is one study period (12 weeks).

Assumed knowledge

Kaplan Professional assumes that individuals have completed FIN206 Investment Management, or understand the content covered in this subject, prior to undertaking FIN251 Fixed Income Securities.

Course transition subject equivalence

Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects:

  • E101 Interest Rate Markets and Risk Management
  • FIN240 Interest Rate Markets

Key dates

Study Period 1

11 Dec 2023 - 29 Mar 2024

❌ Enrolments now closed

Early access opens 11 December 2023

Early access to assessments 21 December 2023

Study period commences 8 January 2024

Enrolments close/census 24 January 2024

Study period ends 29 March 2024

Assessment dates See assessment information

Study Period 2

5 Feb 2024 - 24 May 2024

✓ Enrolments open now

Early access opens 5 February 2024

Early access to assessments 19 February 2024

Study period commences 4 March 2024

Enrolments close/census 20 March 2024

Study period ends 24 May 2024

Assessment dates See assessment information

Study Period 3

1 Apr 2024 - 19 Jul 2024

✓ Enrolments open now

Early access opens 1 April 2024

Early access to assessments 15 April 2024

Study period commences 29 April 2024

Enrolments close/census 15 May 2024

Study period ends 19 July 2024

Assessment dates See assessment information

Study Period 4

3 Jun 2024 - 20 Sep 2024

✓ Enrolments open now

Early access opens 3 June 2024

Early access to assessments 17 June 2024

Study period commences 1 July 2024

Enrolments close/census 17 July 2024

Study period ends 20 September 2024

Assessment dates See assessment information

Study Period 5

29 Jul 2024 - 15 Nov 2024

✓ Enrolments open now

Early access opens 29 July 2024

Early access to assessments 12 August 2024

Study period commences 26 August 2024

Enrolments close/census 11 September 2024

Study period ends 15 November 2024

Assessment dates See assessment information

Study Period 6

30 Sep 2024 - 17 Jan 2025

✓ Enrolments open now

Early access opens 30 September 2024

Early access to assessments 14 October 2024

Study period commences 28 October 2024

Enrolments close/census 13 November 2024

Study period ends 17 January 2025

Assessment dates See assessment information

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