154-0566/01 – Trends and Innovations in Financial Markets (TIFM)

Gurantor departmentDepartment of FinanceCredits4
Subject guarantorIng. Martina Novotná, Ph.D.Subject version guarantorIng. Martina Novotná, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory
Year1Semestersummer
Study languageEnglish
Year of introduction2016/2017Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
NOV33 Ing. Martina Novotná, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 2+0

Subject aims expressed by acquired skills and competences

The course is focused on selected topics of financial markets with the emphasis on current trends, innovative financial instruments and alternative investments. The course covers main aspects of asset securitization which provides an important source of financing for a variety business. In this course, students will be provided with an overview of securitized products and alternative investments, recognize the main risks and understand the impact of regulatory changes on the market. At the end of the course, students will be able to: - Evaluate the importance and types of financial innovations, - understand the concept and process of asset securitization, - characterise the main types of securitised products, - discuss the role of rating agencies in the financial markets, - distinguish between the principal classes of alternative investments, - access the importance of adding an alternative investment to a portfolio, - characterise current trends in the financial markets. The prior knowledge of basic concepts and tools of financial markets is essential in this course.

Teaching methods

Lectures

Summary

The aim of the course is to provide an overview of current trends in financial markets. The main focus is on asset securitization and the creation of securitized products, the role of credit rating agencies in capital markets and the essence of alternative investment.

Compulsory literature:

CHAMBERS, Donald R, Mark Jonathan Paul ANSON, Keith H BLACK a Hossein KAZEMI. Alternative investments: CAIA level I. 3rd ed. Hoboken: Wiley, 2015. ISBN 978-1-119-00336-6. FABOZZI, Frank J. Bond markets, analysis, and strategies. 8th ed., global ed. Pearson, c2013. ISBN 978-0-273-76613-1. HU, Joseph. Asset securitization: theory and practice. Singapore: John Wiley & Sons (Asia), 2011. ISBN 978-0-470-82603-4.

Recommended literature:

BAIG, Suleman a Moorad CHOUDHRY. The mechanics of securitization: a practical guide to structuring and closing asset-backed security transactions. Hoboken: John Wiley & Sons, Inc., 2013. ISBN 978-0-470-60972-9. HU, Joseph. Asset securitization: theory and practice. Singapore: John Wiley & Sons (Asia) Pte. Ltd., 2011. ISBN 978-0-470-82603-4. CHAMBERS, Donald R, Mark Jonathan Paul ANSON, Keith H BLACK a Hossein KAZEMI. Alternative investments: CAIA level I. Third edition. Hoboken: Wiley, 2015. ISBN 978-1-119-00336-6.

Way of continuous check of knowledge in the course of semester

E-learning

Další požadavky na studenta

No other requirements

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

Introduction to securitization Basic concept of asset securitization Motives and process of securitization Originators and investors of the asset securitization market Residental mortgages and securitization Securitization of commercial mortgages and consumer loans Asset-backed securities Collateralized debt obligations The current asset securitization market Introduction to alternative investments Hedge funds Private equity Structured products

Conditions for subject completion

Full-time form (validity from: 2016/2017 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination 100  51
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2018/2019 (N6202) Economic Policy and Administration (6202T010) Finance P Czech Ostrava 1 Choice-compulsory study plan
2018/2019 (N6202) Economic Policy and Administration (6202T027) National Economy P English Ostrava 1 Choice-compulsory study plan
2018/2019 (N6202) Economic Policy and Administration (6202T010) Finance P English Ostrava 1 Choice-compulsory study plan
2017/2018 (N6202) Economic Policy and Administration (6202T010) Finance P Czech Ostrava 1 Choice-compulsory study plan
2017/2018 (N6202) Economic Policy and Administration (6202T027) National Economy P English Ostrava 1 Choice-compulsory study plan
2017/2018 (N6202) Economic Policy and Administration (6202T010) Finance P English Ostrava 1 Choice-compulsory study plan
2016/2017 (N6202) Economic Policy and Administration (6202T010) Finance P Czech Ostrava 1 Choice-compulsory study plan
2016/2017 (N6202) Economic Policy and Administration (6202T010) Finance P English Ostrava 1 Choice-compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
Incoming students - master study 2019/2020 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming students - master study 2018/2019 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2017/2018 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2016/2017 Full-time English Choice-compulsory 163 - International Office stu. block