Table des matières
Course unit: Finance
Course metadata
- Title in French: Finance
- Course code: tba
- ECTS credits: 3
- Teaching hours: 72h
- Type: advanced course
- Language of instruction: English
- Coordinator: tba
- Instructor(s): Grégoire Hug (WeeFin), Bolanjinva Randrianarizafy (Natixis), Julien Belon (Arx Corporate Finance), Vincent Bonnamy (La Banque Postal Asset Management)
- Last update 24/03/2021 by C. Pouet
Brief description
This course is taught by highly skilled professionals in finance.
This course unit is divided into three parts:
- Portfolio management (24 hours) taught by Grégoire Hug.
- Credit risk (24 hours) taught by Bolanjinva Randrianarizafy: 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.
Learning outcomes
- 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
Course content
Portfolio management
- Introduction to portfolio management
- Equity Investing and investment process
- Fixed Income Investing - basics
- Fixed Income Investing - advanced
- Alternative asset classes and Performance Measurement
- Asset management trends
- Project: Portfolio construction
Credit risk
- Introduction: bonds and OTC transactions
- Modeling defaults: structural models and ratings
- Structured financing: plain-vanilla, asset financing, securitization etc.
- Banking regulation on credit risk
Applied finance
- 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
- 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
Bibliography
Check the availability of the books below at Centrale Méditerranée library.
- Portfolio management
- Roland Portait, Patrice Poncet (2014). Market Finance.
- Franck J. Fabozzi (2012). The Handbook of Fixed Income Securities.
- Credit risk
- 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)
- Applied finance
- Vernimmen, P. (2021). Finance d’entreprise. Dalloz.
- Hull, J. (2018). Options, Futures, and Other Derivatives, 10th Edition. Pearson