SPECIAL NOTE: May be taken as an elective in other postgraduate courses only with permission from the Master of Finance course coordinator.
Key Semester Dates
Final WW Date*
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see Withdrawal dates explained for more information).
Unit census dates currently displaying for 2014 are indicative and subject to change. Finalised census dates for 2014 will be available from the 1st October 2013.
Derivative securities are (as the name suggests) derived from other securities, and hence their role in risk management of those securities, as well as completing the markets, is of central importance. The unit is structured into three main modules: Options, Futures and Swaps. Topics covered include currency and futures contracts, pricing derivative securities, behaviour of share prices, forward and futures contracts, currency and coupon swaps, interest rate derivative securities and other derivative securities, share options, options on stock indices, binomial and Black-Scholesoption pricing, hedging positions in options, advanced trading strategies, and exotic options.
Internal assessment 40%; Final exam 60%.
TEACHING PATTERN: 1 x 2 hour lecture per week, 1 x 1 hour workshop per week.
Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
Campus - H Hobart, L Launceston, W Burnie. Study Centre - V Sydney, R Rozelle, P Beauty Point. Distance units may also have a campus identifier of I Isolated, N Interstate, O Overseas. Units delivered in Transnational Education (TNE) Programs have a campus identifier of A Hangzhou, F Fuzhou, G Shanghai, K KDU Malaysia, Q Kuwait or Y Hong Kong.