Beware! Under construction.

• Title in French: Finance
• Course code: tba
• ECTS credits: 8
• Type: advanced course
• Semester 9 (Fall-Winter)
• Teaching period: Mid-November to Mid-February
• Teaching hours: 100h
• Language of instruction: English
• Coordinator: tba
• Instructor(s): Grégoire Hug (WeeFin), Réda Rahal (BNP Paribas), Julien Belon (Arx Corporate Finance), Vincent Bonnamy (La Banque Postal Asset Management)
• Last update 04/07/2022 by C. Pouet

This course is taught by highly skilled professionals in finance. Some of them are Centrale Marseille alumni.

This course unit is divided into four parts:

• Portfolio management (24 hours) taught by Grégoire Hug.
• Financial risk management (24 hours) taught by Réda Rahal: this part is dedicated to credit risk and its role in banking regulation.
• Applied finance (24 hours) taught by Julien Belon and Vincent Bonnamy: this part is about the theoretical aspects of corporate and market finance applied in real life.
• Data Project: data sources and preprocessing (20 hours) taught by tba.

• Understand the similarities in the concepts of market and corporate finance
• Understand how finance products can be used to manage risk
• Know how to organize an investment process
• Know how to evaluate and to value a company
• Understand the definition, measurement and pricing of credit risk
• Know how banks are regulated
• Know the various jobs of finance

1. Introduction to portfolio management
2. Equity Investing and investment process
3. Fixed Income Investing - basics
4. Fixed Income Investing - advanced
5. Alternative asset classes and Performance Measurement
6. Asset management trends
7. Project: Portfolio construction

1. Introduction: bonds and OTC transactions
2. Modeling defaults: structural models and ratings
3. Structured financing: plain-vanilla, asset financing, securitization etc.
4. Banking regulation on credit risk

1. Applied corporate finance – From startup to IPO… and LBO
   • Introduction / Presentation
   • Application areas of
   • Accounting Basic Methods
   • Valuation methods
   • We know how to value a company. Now what? Different types of operation
   • Introduction to Fintech and start-up ecosystem
2. Applied market finance – Options: Pricing, Hedging & Risk Management
   • Market finance: players and products
   • Future and forward: pricing & hedging
   • Options: replication and pricing
   • Sensitivity of options: the greeks
   • Volatility and stress tests

Tba

You can check the availability of the books below at Centrale Marseille library.

1. Portfolio management
   • Roland Portait, Patrice Poncet (2014). Market Finance.
   • Franck J. Fabozzi (2012). The Handbook of Fixed Income Securities.
2. Financial risk management
   • Gourieroux C. and Tiomo, A. (2007) Risque de crédit : une approche avancée, Economica.
   • Merton R. (1998) Continuous time finance, Blackwell Publishers.
   • Bruyere R., Cont R., Fery L., Jaeck C. and Spitz T. (2005). Credit derivatives, Wiley.
   • Roncalli T. (2016). Risk Management & Financial Regulation (website)
3. Applied finance
   • Vernimmen, P. (2021). Finance d’entreprise. Dalloz.
   • Hull, J. (2018). Options, Futures, and Other Derivatives, 10th Edition. Pearson