#REQUEST.pageInfo.pagedescription#

Site Navigation

FINA8014 - Valuation & Pricing

banner1
Title:Valuation & Pricing
Long Title:Valuation & Pricing
Module Code:FINA8014
 
Credits: 5
NFQ Level:Advanced
Field of Study: Banking, Finance and Investment
Valid From: Semester 1 - 2017/18 ( September 2017 )
Module Delivered in 1 programme(s)
Module Coordinator: CATHERINE MURPHY
Module Author: KIERAN O REILLY
Module Description: This module covers the important quantitative techniques used in the valuation and processing of capital markets instruments by investment managers.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 perform calculations relevant to the management of positions in debt instruments
LO2 perform calculations relevant to the management of positions in equities.
LO3 analyse repurchase agreements and securities lending transactions
LO4 analyse foreign exchange transactions.
LO5 perform analysis of securities and portfolio positions using spreadsheet tools
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named CIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
Co-requisites
No Co Requisites listed
 

Module Content & Assessment

Indicative Content
Debt Instruments
introduction to bond pricing, yields and price calculation, approaches to price/yield, duration, modified duration, convexity, bond futures, cash & carry arbitrage, relevant spreadsheet tools.
Equity Analysis
equity ratios, valuation models, stock splits & rights issues, simple portfolio analysis, stock indices, relevant spreadsheet tools.
Repos & Securities Lending
classic repurchase agreement, margin calls, general collateral calculations, buy/sell back, close out and repricing, securities lending, relevant spreadsheet tools.
Foreign Exchange calculations
spot rates, forward rates, discount and premium, relevant spreadsheet tools.
Assessment Breakdown%
Course Work40.00%
End of Module Formal Examination60.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Project Joint project with Securitization & Derivatives module 1,2,5 40.0 Week 8
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam Formal written exam. 1,2,3,4,5 60.0 End-of-Semester
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The institute reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Formal Lecture 2.0 Every Week 2.00
Lab Spreadsheet modelling 1.0 Every Week 1.00
Directed Learning Study & Applications 4.0 Every Week 4.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Formal Lecture 1.0 Every Week 1.00
Lab Spreadsheet modelling 1.0 Every Week 1.00
Directed Learning Study 5.0 Every Week 5.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 

Module Resources

Recommended Book Resources
  • Steiner 2012, Mastering Financial Calculations, 3rd Ed., Pearson / FT Publishing [ISBN: 9780273750581]
Supplementary Book Resources
  • Sengupta 2009, Financial Analysis and Modelling using Excel/VBA, 2nd Ed., Wiley [ISBN: 978-0-470-275]
This module does not have any article/paper resources
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CR_BCAMA_8 Certificate in Capital Markets 1 Mandatory

Cork Institute of Technology
Rossa Avenue, Bishopstown, Cork

Tel: 021-4326100     Fax: 021-4545343
Email: help@cit.edu.ie