Course Outline FIS Spring 2020 PDF

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SUKKUR INSTITUTE OF BUSINESS ADMINISTRATION FACULTY OF BUSINESS ADMINISTRATION Fixed Income Securities (FIN-415) Course Outline 1. Course Identification and General Information Program and Class: BBA-VII & VIII Credit Hours: 03

Pre-requisite Course: 1. Introduction to Business Finance

Semester: Spring 2020 Instructor: Dr. Mujeeb-u-Rehman Bhayo Email: [email protected] Office Location: Room 316 (Academic Block- II) Counseling Hours: Monday 3.00 pm-5.00 pm

2. Schedule of Assessment Tasks for Students during the Semester S.No: 1

Assessment Task (e.g. essay, test, group project, examination etc.) Quizzes

Week Due Monthly

Proportion of Final Assessment/Marks 05

2

Project and Presentation

Final Week

10

3 4 5

Assignments Class Participation Two Term Exams

05 10 30

6

Final exam

05 & 09 Continuous Academic Calendar Academic Calendar

40

3. Learning Resources I- Recommended Books: 1. Fixed Income Analysis by Frank J. Fabozzi, 2nd Edition 2. Handbook of Fixed Income Securities by Frank J. Fabozzi, 2nd Edition II- Reference Books/ Material 1. III- Electronic Materials, Web Sites etc. www.kse.com.pk, www.sbp.org.pk, www.muaf.com.pk, www.secp.gov.pk www.yahoo.com/finance, www.bloomberg.com, www.brecorder.com, www.dawn.com IV- Other learning material such as computer-based programs/CD, professional

standards/regulations Bloomberg Professional Software, SBP and SECP regulations and standards

4. Course Description: This course aims to introduce the BBA students to understand the Fixed Income Securities’ markets, indices, valuation models and risks. Students will be able to critically assess different financial situations, especially financial crisis, in different business settings.

5. Course Learning Outcomes (CLOs) i. ii. iii. iv. v.

Students will be able to write effective market analysis regarding valuation and risks of securities. Students will be able to critically evaluate different fixed income market situations Students will be able to effectively work and complete group assignments Students will be able to create a portfolio of Fixed Income Securities with less risks Students will be able to demonstrate necessary knowledge of Fixed Income Securities, Markets, Indices, Valuation Models and Risk Assessments

6. Assessment Task Description a) Quizzes Quizzes will be based on theoretical concepts and their applications. They will be combination of both descriptive and exploratory in nature. b) Seminar / Presentations Students will be required to present their work progress of project. As project work has been into five parts, so presentations will be conducted according to the project phase/part. c) Project The final Project will be a document presenting different portfolios with risk return trade-offs. Students will be assessed against subject knowledge, critical analysis, and creativity in developing portfolio and valuation of securities and their risk assessment.

7. Other (Please Specify) *Any other thing teacher wants to add

8. Lesson Plan & week wise Schedule Discussion Themes

Suggested Reading

Assignments/Qu Week izzes 1

 

2



Introduction to course Introduction to Fixed Income Securities Introduction to Bond Sector and   Instruments and Risks Associated   

3



Understanding Yield Spread

3



Valuation of Debt Securities



 Yield Measures, Spot Rates, and   Forward Rates 



 Calculation   

4

5&

Interest Rate Techniques

Risk

  



6

Chapter 1

Quiz Assignment and Project Quizzes Exams

Quiz Exams Assignment and Project Quiz Exams Assignment and Project Quiz Exams Assignment and Project

     

Lecture Notes Chapter 2 Chapter 3 Lecture Notes Chapter 4 Bloomberg Sessions Lecture Notes Chapter 5

 

Lecture Notes Chapter 6

  

Lecture Notes Chapter 7

  

Lecture notes Chapter 8

  

Lecture notes Chapter 09

 

Lecture notes Chapter 10, 11, 12 Bloomberg Sessions

First Term Exam 6&



Term Structure and Volatility of   Interest Rates

7 8&



9



10,



11 &



12

 Valuing Bonds with Embedded   Options Data Extraction and Analysis on  Bloomberg Asset and Mortgage Backed   Securities Valuation of said securities 

Exams Assignment and Project Exams Assignment and Project Exams Assignment and Project



Second Term Exam

13 &



14



15

 

Interest Rate Derivative   Instruments Valuation of the instruments  Credit Analysis and Credit Ratings  Financial Crisis and role of Asset  Backed Securities

Exams Assignment and Project Exams Assignment and Project

      

16

Review and Reports Presentations

Final Exam * refers to second recommended book

Lecture notes Chapter 13 Bloomberg Sessions Lecture notes Chapter 13 Bloomberg Sessions Journal Article...