FIN251 Fixed Income Securities

Fixed Income Securities

Fixed Income Securities 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.

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Subject overview

STUDY MODE

100% online

AQF LEVEL

NEXT INTAKE

28 Oct 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

Factors affecting interest rates
Interest rate calculations and measurements
Physical fixed interest securities
Fixed interest derivatives and other debt products
Non-government debt markets
International debt markets
The FX market
FX borrowing and risk
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.

Assessments

Assessment type	Assessed	Weighting
Assignment 1	Week 4	20%
Assignment 2	Week 8	40%
Assignment 3	Week 12	40%

Click here for an assessment timetable.

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: