Learning outcomes

The Financial Innovation course aims to explain to students what derivatives are and how they work, presenting their main characteristics, objectives, risks, and returns.
Although these products are complex to evaluate, given the students' foundational training in this module, the use of mathematical tools will be minimized.
The course also aims to provide students with an introductory knowledge of project finance and credit securitization.
A presentation of project finance is made from both a legal and financial perspective.

Programmatic contents

• Introduction to Financial Derivatives: Futures and Forwards, Swaps. Exercises.
• Introduction to Financial Derivatives: Options. Exercises.
• Study of the legal framework for credit securitization.
• Project finance: explanation of its advantages and consequences. Brief explanation of rating.
• Resolution of a case from management and legal perspectives.