[{"command":"insert","method":null,"selector":".course-modal-ajax-placeholder-965620","data":"\u003Cdiv class=\u0022container content-rte\u0022\u003E\n  \u003Cdiv class=\u0022row\u0022\u003E\n    \u003Cdiv class=\u0022box col-md-6 bg-primary text-white\u0022\u003E\n      \u003Ch2 class=\u0022h1 text-left\u0022\u003E  Produits d\u00e9riv\u00e9s\n\u003C\/h2\u003E\n                  \u003Cdiv class=\u0022field-spacing\u0022\u003E\n        \u003Cdiv class=\u0022field__label h3 dash\u0022\u003EECTS :\n          4\n        \u003C\/div\u003E\n      \u003C\/div\u003E\n                  \u003Cdiv class=\u0022field-spacing\u0022\u003E\n        \u003Cdiv class=\u0022field__label h3 dash\u0022\u003ESemestre calendaire :\n          Semester 2\n        \u003C\/div\u003E\n      \u003C\/div\u003E\n            \u003Cdiv class=\u0022field-spacing\u0022\u003E\n      \u003Cdiv class=\u0022field__label h3 dash\u0022\u003ED\u00e9tail du volume horaire\u003C\/div\u003E\n                        \u003Cdiv class=\u0022mt-5 text-justify\u0022\u003E\n                          \u003Cspan class=\u0022field__label h4 mt-5 \u0022\u003ECours magistraux :\u003C\/span\u003E\n                                      \u003Cspan\u003E47\u003C\/span\u003E\n                      \u003C\/div\u003E\n                                                                                        \u003C\/div\u003E\n        \u003Cdiv class=\u0022field-spacing\u0022\u003E\n      \u003Cdiv class=\u0022field__label h3 dash\u0022\u003ELangue d\u0026#039;enseignement\u003C\/div\u003E\n                        \u003Cdiv class=\u0022mt-5 text-justify\u0022\u003E\n                                      \u003Cspan\u003EAnglais\u003C\/span\u003E\n                      \u003C\/div\u003E\n                  \u003C\/div\u003E\n        \u003Cdiv class=\u0022field-spacing\u0022\u003E\n      \u003Cdiv class=\u0022field__label h3 dash\u0022\u003EEnseignement \u00e0 distance\u003C\/div\u003E\n                        \u003Cdiv class=\u0022mt-5 text-justify\u0022\u003E\n                                      \u003Cspan\u003Enon\u003C\/span\u003E\n                      \u003C\/div\u003E\n                  \u003C\/div\u003E\n      \u003C\/div\u003E\n    \u003Cdiv class=\u0022box col-md-6\u0022\u003E\n            \u003Cdiv class=\u0022field-spacing\u0022\u003E\n      \u003Cdiv class=\u0022field__label h3 dash\u0022\u003EPr\u00e9requis\u003C\/div\u003E\n                        \u003Cdiv class=\u0022mt-5 text-justify\u0022\u003E\n                                      \u003Cspan\u003E\u003Cp\u003ECourse of Finance of the 1st semester, Stochastic calculus, numerical finance\u003C\/p\u003E\n\u003Cp\u003EFX : Course of Finance of the 1st semester\u003C\/p\u003E\n\u003Cp\u003EVOLATILITY : Stochastic calculus, mathematical finance, and numerical finance at MSc level.\u003C\/p\u003E\n\u003Cp\u003ESTRUCTURED PRODUCTS: Course of Finance of the 1st semester\u003C\/p\u003E\u003C\/span\u003E\n                      \u003C\/div\u003E\n                  \u003C\/div\u003E\n        \u003Cdiv class=\u0022field-spacing\u0022\u003E\n      \u003Cdiv class=\u0022field__label h3 dash\u0022\u003EProgramme \/ plan \/ contenus\u003C\/div\u003E\n                        \u003Cdiv class=\u0022mt-5 text-justify\u0022\u003E\n                                      \u003Cspan\u003E\u003Cp\u003EINTEREST RATES:\u003C\/p\u003E\n\u003Cul\u003E\n\u003Cli\u003Ebasic principles of rate curve modelling; methods used in active bond management and \u00abBond Picking\u00bb; understanding of structured rate products; pricing of options in a rate model in the form of a concrete case\u003Cbr\u003E\nFX:\u003Cbr\u003E\nThe goal of this lesson is to present the main characteristics of foreign exchange derivative products and their use, as part of managing currency risks for companies.\u003Cbr\u003E\nVOLATILITY:\u003Cbr\u003E\nA growing body of empirical research indicates that volatility fluctuates more rapidly than Brownian motion. Fractional volatility models have emerged as compelling alternatives. Even though tractability can be a challenge for these non-Markovian, non-semimartingales models, recent studies have developed numerical methods suitable for their implementation.\u003Cbr\u003E\nSTRUCTURED PRODUCTS:\u003Cbr\u003E\nThe objective of the course is to give an all-around comprehensive general knowledge and understanding of the theory and the day-to-day use of options for trading, hedging and arbitrage purposes.\u003C\/li\u003E\n\u003C\/ul\u003E\u003C\/span\u003E\n                      \u003C\/div\u003E\n                  \u003C\/div\u003E\n        \u003Cdiv class=\u0022field-spacing\u0022\u003E\n      \u003Cdiv class=\u0022field__label h3 dash\u0022\u003EObjectifs d\u0026#039;apprentissage\u003C\/div\u003E\n                        \u003Cdiv class=\u0022mt-5 text-justify\u0022\u003E\n                                      \u003Cspan\u003E\u003Cp\u003ETo give an advanced overview in derivative instruments, including in interest rates, FX, volatility modelling and structured products.\u003C\/p\u003E\u003C\/span\u003E\n                      \u003C\/div\u003E\n                  \u003C\/div\u003E\n        \u003Cdiv class=\u0022field-spacing\u0022\u003E\n      \u003Cdiv class=\u0022field__label h3 dash\u0022\u003EOrganisation g\u00e9n\u00e9rale et modalit\u00e9s p\u00e9dagogiques\u003C\/div\u003E\n                        \u003Cdiv class=\u0022mt-5 text-justify\u0022\u003E\n                                      \u003Cspan\u003E\u003Cp\u003E44 hours of lectures and 6 hours of tutoring.\u003C\/p\u003E\u003C\/span\u003E\n                      \u003C\/div\u003E\n                  \u003C\/div\u003E\n                        \u003Cdiv class=\u0022field-spacing\u0022\u003E\n      \u003Cdiv class=\u0022field__label h3 dash\u0022\u003EBibliographie\u003C\/div\u003E\n                        \u003Cdiv class=\u0022mt-5 text-justify\u0022\u003E\n                                      \u003Cspan\u003E\u003Cp\u003EINTEREST RATES:\u003C\/p\u003E\n\u003Cp\u003EL. Martellini, P. Priaulet et S. Priaulet, \u00abFixed-Income Securities: Valuation, Risk Management and Portfolio Strategies\u00bb, Wiley, 2003 J. Hull, \u00abOptions, Futures and Other Derivatives\u00bb, Prentice Hall, 9\u00e8me Edition, 2017\u003C\/p\u003E\n\u003Cp\u003EFX :\u003C\/p\u003E\n\u003Cp\u003ES.A. Ross, R.W. Westerfield, J.F. Jaffe, \u201cFinance corporate\u201d, Dunod\u003C\/p\u003E\n\u003Cp\u003EVOLATILITY :\u003C\/p\u003E\n\u003Cul\u003E\n\u003Cli\u003EAbi Jaber, Eduardo. Lifting the Heston model. Quantitative Finance, 1-19,2019. - Bayer, Christian; Friz , Peter; Gatheral Jim. Pricing under rough volatility, Quantitative Finance, 16(6), 887-904, 2016. - Gatheral , Jim; Jaisson , Thibault; Rosenbaum , Mathieu. Volatility\u003C\/li\u003E\n\u003C\/ul\u003E\u003C\/span\u003E\n                      \u003C\/div\u003E\n                  \u003C\/div\u003E\n        \u003Cdiv class=\u0022field-spacing\u0022\u003E\n      \u003Cdiv class=\u0022field__label h3 dash\u0022\u003ENature de l\u0026#039;\u00e9valuation\u003C\/div\u003E\n                        \u003Cdiv class=\u0022mt-5 text-justify\u0022\u003E\n                                      \u003Cspan\u003EEvaluation Continue non Int\u00e9grale\u003C\/span\u003E\n                      \u003C\/div\u003E\n                  \u003C\/div\u003E\n      \u003C\/div\u003E\n  \u003C\/div\u003E\n\u003C\/div\u003E\n","settings":null}]