Learning Outcomes and Objectives By the end of the module you should be able to: Describe the key characteristics of vanilla and exotic derivative products. Explain the use of these products as risk management tools. Discuss the means used to hedge the exposure that such products create for the banks that issue them. Price vanilla and exotic derivative products using simple lattice methods and simulation techniques. Design hedging and risk management strategies for corporate consumers of derivative products. banks that supply derivative products. Assess risk profiles arising from the use of derivatives and associated hedging activity. Communicate effectively the results of risk analysis to non-quantitative people Interpret quantitative data from the viewpoint of risk and uncertainty. Apply statistical tools to both time-series and cross-sectional data to derive meaningful risk management metrics. Understand the implications of hedging via risk-neutral replication. Construct hedge portfolios, with both unconstrained and restricted choices of hedging instrument. Price and hedge a range of non-vanilla products using simple lattice methods and simulation techniques. Assessment Methods Method Period of Study CATS (Credit) Assessment Description Name 1.5 hour examination (75%) Full Year Standard 12 Class test (10%) Group project (15%) 2.0 hour examination (60%) Group project (12%) Full Year Standard 15 Class Test (8%) 1500 word report (20%) Not Autumn Term only Not Available Not Available Available 3000 word assignment (75%) Autumn & Spring Visiting 12 Class test (10%) Terms (VA) Group project (15%) 3000 word assignment (75%) Visiting Spring Term only 12 Class test (10%) (VA) Group project (15%) 1.5 hour examination (75%) Spring & Summer Standard 12 Class test (10%) Terms Group project (15%)
Learning Outcomes and Objectives By the end of the module you should be able to: Describe the key characteristics of vanilla and exotic derivative products. Explain the use of these products as risk management tools. Discuss the means used to hedge the exposure that such products create for the banks that issue them. Price vanilla and exotic derivative products using simple lattice methods and simulation techniques. Design hedging and risk management strategies for corporate consumers of derivative products. banks that supply derivative products. Assess risk profiles arising from the use of derivatives and associated hedging activity. Communicate effectively the results of risk analysis to non-quantitative people Interpret quantitative data from the viewpoint of risk and uncertainty. Apply statistical tools to both time-series and cross-sectional data to derive meaningful risk management metrics. Understand the implications of hedging via risk-neutral replication. Construct hedge portfolios, with both unconstrained and restricted choices of hedging instrument. Price and hedge a range of non-vanilla products using simple lattice methods and simulation techniques. Assessment Methods Period of Study Method Name CATS (Credit) Assessment Description Full Year Standard 12 1.5 hour examination (75%) Class test (10%) Group project (15%) Full Year Standard 15 2.0 hour examination (60%) Group project (12%) Class Test (8%) 1500 word report (20%) Autumn Term only Not Available Not Available Not Available Autumn & Spring Terms Visiting (VA) 12 3000 word assignment (75%) Class test (10%) Group project (15%) Spring Term only Visiting (VA) 12 3000 word assignment (75%) Class test (10%) Group project (15%) Spring & Summer Terms Standard 12 1.5 hour examination (75%) Class test (10%) Group project (15%)
WBS%20UG%20Exchange%20Student%20Module%20Handbook%202017-2018.docx