Course coordinator
Dr Ihtisham Malik
Course overview
- Study period
- Semester 2, 2024 (28/06/2024 - 05/08/2024)
- Study level
- Postgraduate Coursework
- Location
- Brisbane City
- Attendance mode
- Intensive
- Units
- 2
- Administrative campus
- St Lucia
- Coordinating unit
- Business School
Fixed Income and Public Financial Management concerns fixed interest markets, central treasury and portfolio management including management of capital, funding, liquidity, interest rate, credit (including jurisdictional considerations), currency, commodities, and Environment Social Governance (ESG) risks. The credit rating process is explored from the perspectives of public and private issuers.
Course requirements
Companion or co-requisite courses
You'll need to complete the following courses at the same time:
FINM7101
Restrictions
Restricted to students enrolled in the MFinInvMgt and GCFinInvM.
Course contact
Course staff
Lecturer
Dr Ihtisham Malik
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
This is an intensive course that will include both self-paced online and face-to-face teaching as part of its delivery. Important dates for this course that do not appear on the public timetable are as follows:
- Online Content Available: 28 June 2024
- Face-to-Face Delivery: 17, 18, 19 July 2024
- End of Course: 5 August 2024
Aims and outcomes
This course aims to provide students with a high-level understanding of public sector financial risk management. Students will be able to gain a deeper understanding of the frameworks intended to manage risks in a balance sheet context and build the confidence to recommend improvements.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Apply key frameworks for the management of risks relating to capital, funding, liquidity, credit, interest rates, currencies, commodities, and ESG.
LO2.
Demonstrate how to manage these risks in collaboration with peers in a balance sheet context from the perspective of an issuer, intermediary/trader and funds manager.
LO3.
Analyse commercially pragmatic attribution of performance splitting strategic and discretionary factors.
LO4.
Explain the use of financial technologies in the digitalisation of some financial management processes.
LO5.
Analyse public and private sector entities’ balance sheets with a view to recommend any opportunities to improve these entities’ financial risk management frameworks including rating agency engagement through storytelling.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Paper/ Report/ Annotation, Role play/ Simulation | A1: Report and Trading Game Simulation | 40% |
Part A 15/07/2024 Part B 19/07/2024 |
| Paper/ Report/ Annotation | A2: Written Report | 60% |
8/08/2024 5:00 pm |
Assessment details
A1: Report and Trading Game Simulation
- Mode
- Activity/ Performance, Written
- Category
- Paper/ Report/ Annotation, Role play/ Simulation
- Weight
- 40%
- Due date
Part A 15/07/2024
Part B 19/07/2024
- Learning outcomes
- L01, L02, L03
Task description
This assessment consists of two parts. In the first part, students will discuss green bonds in detail, highlighting how they differ from conventional bonds, and provide a written report. In the second part, students will participate in a trading game applying insights from the online module and discussion in part one.
This assessment task evaluates students' abilities, skills and knowledge without the aid of generative Artificial Intelligence (AI) or Machine Translation (MT). Students are advised that the use of AI or MT technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
Assessment will be submitted via Blackboard.
Deferral or extension
You may be able to apply for an extension.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
A2: Written Report
- Mode
- Written
- Category
- Paper/ Report/ Annotation
- Weight
- 60%
- Due date
8/08/2024 5:00 pm
- Learning outcomes
- L01, L04, L05
Task description
In this assessment, students will evaluate and compare the current state of debt management at the state and territory levels. Furthermore, students will review and suggest changes to the Australian government's debt portfolio (fixed income securities), aiming to enhance financial sustainability and mitigate risk.
This assessment task evaluates students' abilities, skills and knowledge without the aid of generative Artificial Intelligence (AI) or Machine Translation (MT). Students are advised that the use of AI or MT technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
Assessment will be submitted via Blackboard.
Deferral or extension
You may be able to apply for an extension.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
Course grading
Full criteria for each grade is available in the Assessment Procedure.
| Grade | Cut off Percent | Description |
|---|---|---|
| 1 (Low Fail) | 0 - 29 |
Absence of evidence of achievement of course learning outcomes. |
| 2 (Fail) | 30 - 46 |
Minimal evidence of achievement of course learning outcomes. |
| 3 (Marginal Fail) | 47 - 49 |
Demonstrated evidence of developing achievement of course learning outcomes |
| 4 (Pass) | 50 - 64 |
Demonstrated evidence of functional achievement of course learning outcomes. |
| 5 (Credit) | 65 - 74 |
Demonstrated evidence of proficient achievement of course learning outcomes. |
| 6 (Distinction) | 75 - 84 |
Demonstrated evidence of advanced achievement of course learning outcomes. |
| 7 (High Distinction) | 85 - 100 |
Demonstrated evidence of exceptional achievement of course learning outcomes. |
Additional course grading information
Grades will be allocated according to University-wide standards of criterion-based assessment.
Supplementary assessment
Supplementary assessment is available for this course.
Learning resources
You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.
Library resources
Library resources are available on the UQ Library website.
Learning activities
The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.
Filter activity type by
Please select
| Learning period | Activity type | Topic |
|---|---|---|
Not scheduled |
General contact hours |
Online Learning / Self-Paced Learning 28 June - 16 July (Self-Directed Learning) Topics covered include a public service perspective, the budgeting process in the public sector, the role of fixed income securities, case studies of fixed income securities, and pricing debt. Learning outcomes: L01, L02, L03 |
Not scheduled |
Workshop |
Face-to-Face Learning: Day 1 17 July 2024 Financial (and non-financial) criteria to evaluate funding requests in the public sector, Funding sources (recap of online component), detailed credit analysis and its importance in accessing finances. Learning outcomes: L01, L04, L05 |
Not scheduled |
Workshop |
Face-to-Face Learning: Day 2 18 July 2024 Debt pricing (Fixed Income) and factors affecting this pricing. Measuring and managing price sensitivity (Duration). Identifying and managing different types of risks attached to fixed income portfolio. Central Treasury Management (CTM) Trading Game Begins (Quarter 1). Learning outcomes: L01, L02, L03, L04 |
Not scheduled |
Workshop |
Face-to-Face Learning: Day 3 19 July 2024 CTM Trading game continues (Students play Quarter 2 and 3 of the game). Discussion about Assessment 2. Course Review. Learning outcomes: L01, L02, L03, L04, L05 |
Not scheduled |
General contact hours |
Online / Assessment July 20 - 5 August (Self-Directed Learning) Students will be working individually on their assessment Learning outcomes: L01, L04, L05 |
Policies and procedures
University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:
- Student Code of Conduct Policy
- Student Integrity and Misconduct Policy and Procedure
- Assessment Procedure
- Examinations Procedure
- Reasonable Adjustments - Students Policy and Procedure
Learn more about UQ policies on my.UQ and the Policy and Procedure Library.