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FIN 654

Financial Risk Management

3 units

Winter 2026

Topics

  • Risk Management and Trading Strategies with Derivatives: Acquire knowledge of fundamental risk management and trading strategies involving derivatives
  • Arbitrage and Replication in Derivative Pricing: Comprehend the use of arbitrage and replication in pricing forwards and futures
  • Dynamics of Futures Contracts and Markets: Learn how futures contracts function, including the distinctions between forwards and futures
  • Interest Rate Derivatives: Understanding the institutional details of interest rate derivatives and their valuation techniques
  • Mechanics of Swaps: Understand the operation of swaps and their resemblance to forward contract portfolios
  • Valuation of Swap Contracts: Articulate the process of determining swap values, prices, and rates
  • Credit Risk and Valuation of Credit Default Swap: Understanding credit risk and valuing credit default swaps

Readings

  • Hull, John C. Fundamentals of Futures and Options Markets, 9th edition, Pearson, 2022. A copy of
    required
Winter 2025

Readings

  • Fundamentals of Futures and Options Markets, 9th Ed., by John C. Hull, Pearson, 2017 The full textbook is available in electronic form via the Pearson website
    unspecified
Sources