Afficher la pageAnciennes révisionsLiens de retourAjouter au livre.Exporter en PDFHaut de page Cette page est en lecture seule. Vous pouvez afficher le texte source, mais ne pourrez pas le modifier. Contactez votre administrateur si vous pensez qu'il s'agit d'une erreur. =====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 [[https://documentation.centrale-marseille.fr/|Centrale Marseille 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 ([[http://thierry-roncalli.com|website]]) - Applied finance * Vernimmen, P. (2021). Finance d’entreprise. Dalloz. * Hull, J. (2018). Options, Futures, and Other Derivatives, 10th Edition. Pearson en/ddefifina.txt Dernière modification : 2021/03/24 10:23de cpouet