Financial Markets and Institutions.doc

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					                              COMENIUS UNIVERSITY IN BRATISLAVA
                                  FACULTY OF MANAGEMENT

                                         COURSE INFORMATION
Code                                     GMMF 8120
Course:
                                         Financial Markets and Institutions
Study Field:                             3.3.15 Management
Study Program:                           Management
Supervisor:                              prof. Ing. Božena Chovancová, PhD.
Lecturers:                               prof. Ing. Božena Chovancová, PhD.
Recommended Term:                        8
No of Classes:                           Weekly: 2-2-0                  Per Term: 28-28-0
No of ECTS Credits:                      3
Prerequisites:                           Financial management
Course Evaluation:                       Term Period: 40%            Exam Period 60%
Aim of the Course:
The course interpret characteristic of securities, their legislative protection and others transactions
with them. The parts of schooling in this subject are also main institutions of financial market
(without banks), as are: mutual funds, pension funds, stock exchange, brokers.

Brief Syllabus:

   1.   Financial system and its parts. Financial providers, Instruments of Financial Market. Institutions at financial
        market and their roles. New tendencies of development in the Financial Markets. Stocks – characteristic,
        division and legislative adaptation in SR. Problem of dematerialization of stocks and immobilization.
   2.   Mechanism of money market. Treasury-bills, reasons for their tender-issue, manners of financial dealing.
        Types of T-bills auctions, repo trade with T-bills. Bill of exchange as a most common mean of money market.
        Legal adaptation of bill of exchange as a stock. Certificates of deposit as stocks of commercial banks.
        Commercial papers of business firms.
   3.   Capital market and its instruments. Typology of bonds according to issuer and rate of return. Government
        bonds – their emission – state debt. Rating as a sign of credibility of obligations quality. Fundamental criteria
        for rating evaluation – economic, political risk. Municipal bonds. Corporate and bank bonds. Shares as
        proprietorial stocks. Capital stocks and preferred stocks. Share issue and ways of share location on the market.
        Ways of increasing basic capital. Forward and its basis. Futures and its specifics. Swaps for different financial
        assets. Options and option contracts.
   4.   Problems of collective investment. Advantages and risks of diversification with collective investing. Stocks
        within collective investment – investment certificates and share (stock) certificates. Pension funds and their
        investment on capital markets. Legislative conditions for collective investing in SR.

Literature:
Chovancová, B. a kol.: Finančný trh – nástroje, transakcie, inštitúcie, IURA Edition, Bratislava
2006
Chovancová, B., Bačišin, V.: Kolektívne investovanie, IURA Edition, Bratislava 2005
Musílek, P.: Analýza cenných papíru, Grada, Praha 2004
Jílek, P.: Finanční trhy, Grada, Praha 2002
Last Revision:                                                                  July 2010

				
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