Based on the theoretical underpinnings of financial innovation, the module explores modern financial products in the retail and wholesale markets. The module will explore in particular syndicated loans (term loans, lines of credit) and debt securities (bonds, notes, commercial paper, hybrid instruments). The focus will be on the legal structures as shaped by the underlying economic rationales. The same methodology will be applied to the techniques for securing repayment (security interests and title based financing). In the course of the module, students will obtain an understanding of complex financing structures, such as securitization, collateralized debt obligations and the hedging of exposures through derivatives, as well as repo financing.
Dr Anat Keller
Learning and teaching methods vary but may include watching video content, engaging in discussion forums, taking part in live chat/webinar sessions, self-directed activities, doing quizzes or working through interactive content designed to stimulate your thoughts and help you to apply knowledge.
You will be expected to undertake approximately 20 hours of study per week which may typically be broken down as follows:
- Directed study - 2 (web content material including recorded video, text, graphics)
- Other activity - 2 (1 hour live seminar and 1 hour of discussion board)
- Self-directed learning and assessment work - 16 (including completing set tasks and reading, research, revision)
Module assessment - more information
A small percentage of your final module mark will be based on your participation in discussion forums, unless stated otherwise. The remaining percentage will typically be assessed by a 48-hour take-home exam.