363-1081-00L  Asset Liability Management and Treasury Risks

SemesterAutumn Semester 2017
LecturersP. Mangold, M. Eichhorn
Periodicityyearly recurring course
Language of instructionEnglish
CommentNumber of participants limited to 40.



Catalogue data

AbstractAsset Liability Management (ALM) is key to the financial success of any corporation. The goal is to develop a comprehensive understanding of the nature of corporate balance sheet and off-balance sheet positions and related profits and losses, including identification and mitigation of undue risks taken. This course is geared towards preparing students to apply these concepts in practical settings.
ObjectiveAsset Liability Management (ALM) is key to the financial success of any corporation. The main learning objectives of this course are:
- develop a comprehensive understanding of the nature of corporate balance sheet and off-balance sheet positions and their respective contribution to profits and losses
- measure and assess exposures to risk factors such as interest and FX rates, equity and commodity prices, as well as liquidity events
- trading and hedging to mitigate undue risks incurred
ContentThe course is organized around a series of case studies. We will first discuss and develop an understanding of the fundamentals on different aspects of the management and risk management of the balance sheet. Using real life case studies each concept will then be directly applied and tested. In-class discussions, presentations and one written assignment are used to facilitate active and interactive learning in a stimulating environment. During the case studies students will frequently work in small groups. Therefore, the number of participants is limited to 30.

The course focuses on the application of finance concepts to the financial management of corporations and is geared towards preparing students to apply these concepts in practical settings. Executives of all sectors are expected to have a sound understanding of the content covered. As such, the course is not exclusively targeted at students who are considering a career in the financial services sector. It also recommended for students who want to work in the finance, treasury or risk area of corporates. It is also suitable for students who want to work for a consultancy firm.
LiteratureNo single textbook covers the course, below we list some useful references. Further materials will be made available to students prior to the lectures

Choudhry, M. 2012. The Principles of Banking. Wiley Finance.
Marrison, C. 2002. The Fundamentals of Risk Measurement. McGraw-Hill.
Prerequisites / NoticeParticipants should have a basic understanding of financial management, gained, for example, from prior undergraduate economics, business, or accounting studies.

Performance assessment

Performance assessment information (valid until the course unit is held again)
Performance assessment as a semester course
ECTS credits3 credits
ExaminersP. Mangold, M. Eichhorn
Typegraded semester performance
Language of examinationEnglish
RepetitionRepetition only possible after re-enrolling for the course unit.

Learning materials

No public learning materials available.
Only public learning materials are listed.

Courses

NumberTitleHoursLecturers
363-1081-00 VAsset Liability Management and Treasury Risks
Block course
28s hrs
29.09.09-17HG E 21 »
13.10.09-17HG E 21 »
03.11.09-17HG E 23 »
17.11.09-17HG E 21 »
12-16HG D 3.1 »
12-16HG D 3.3 »
12-16HG D 5.3 »
13-16HG D 5.1 »
24.11.09-17HG E 21 »
P. Mangold, M. Eichhorn

Groups

No information on groups available.

Restrictions

Places40 at the most
Waiting listuntil 13.10.2017

Offered in

ProgrammeSectionType
Management, Technology and Economics MasterRecommended Elective CoursesWInformation
Quantitative Finance MasterEconomic Theory for FinanceWInformation