ANNOUNCEMENTS: COURSE DETAILS: Lecturer: Dr. Ho, Diep, PhD [email protected] (Tel. 0946 317 379, Room A207) Should the students wish to meet the staff outside the consultation hours, they are advised to make appointment in advance. Course Aims:  Fixed-income is a technically demanding area, and although no math other than algebra and basic calculus is required, students should be comfortable with basic statistics (such as variance, correlation, linear regression, and probability distributions) and fundamental financial ideas (time value of money, compounding interest, carry). Occasionally, concepts will be explained using some calculus, but this should only require a basic conceptual understanding. More than 90% of the World’s largest 500 companies use fixed income derivatives to manage interest rate risk exposure. While vanilla fixed for-floating swap contacts are by far the most common fixed income derivative, financial engineers keep inventing new fixed income derivatives to help firms transfer risks more effectively and selectively. It is critical for anyone involved in corporate or financial risk management to have a deep-rooted understanding of interest rate risk and fixed income securities. The Vietnam's bond (fixed income security) market is an important source of financing for government and municipal borrowing; as well as become a very popular alternative source of financing for many companies. Although it's bond market is still immature, Vietnam continue making inroad to developing it's fixed-income industries. This is a sign that its capital market is on track to compete with more developed economies. Prerequisite course: Fundamental of Financial Management – BA016IU Financial Institutions and Markets – BA134IU Quantitative Methods for Finance – BA191IU Derivatives and Risk Management – BA216IU Units of Credit: This course is worth 3 credits. Teaching times and Locations: Lecture time: Tues8:00pm-11:00am Venue: A2.313 Academic Integrity: Integrity is critical to the learning process and to all that we do here at HCMIU. A student’s responsibilities include, but are not limited to:
Attendance: Regular and punctual attendance at lectures and seminars is expected in this course. University regulations indicate that if students attend less than eighty per cent of scheduled classes they may be refused final assessment. Exemptions may only be made on medical grounds. While we do not penalise occasional tardiness, a pattern of repeated unexplained late arrivals and non-attendance shall negatively impact the student's class participation grade. Understandably, job search or other obligations may occasionally conflict with class. It is each student’s responsibility to find out from his/her classmates what has been missed during the absence. Assessment Details: The final grade is computed as follows: Class Participation 5% Mid-Term Exam (One Hour) 30% Written Assignment 25% Final Exam (Two Hours) 40% Total 100% Exams shall be semi-open book. Each student, may bring in a calculator and one A4 cheat sheet. Two sides of the sheet may be filled with anything the student wishes, but must be handwritten by him/her (no photocopying). In addition, since I wish to emphasize practical skills, students shall complete an assignment that use actual data--and to reflect how most companies conduct business, students shall form groups to handle these assignments. Groups shall comprise three to five students – no less, no more. In addition, all group members shall score their team mates on how well they have contributed to the assignment (see "Peer Group Participation Form.doc" in the file cabinet section). Class participation is important and will be explicitly rewarded (5% of the total grade). Effectively, the class participation grade may change a grade near a cutoff. While we do not penalise occasional tardiness, a pattern of repeated unexplained late arrivals and non-attendance shall negatively impact the class participation grade. Understandably, job search or other obligations may occasionally conflict with class. It is each student’s responsibility to find out from his/her classmates what has been missed during the absence. Textbook:
Course outline:
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