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Financial Services Market
Major: Finance, Banking and Insurance
Code of subject: 7.072.00.O.002
Credits: 5.00
Department: Finance
Lecturer: Doctor of the Sciences (in Economic), Professor Khoma Iryna Borysivna
Semester: 1 семестр
Mode of study: денна
Завдання: The study of an educational discipline involves the formation of competencies in students of education:
general:
ZK5. Ability to make informed decisions.
ZK7. Ability to motivate people and move towards a common goal.
professional (special):
SK2. Ability to use theoretical and methodological tools for diagnostics and modeling of financial activities of business entities.
SK7. Ability to search, use and interpret information necessary for solving professional and scientific tasks in the field of finance, banking and insurance.
SK9. Ability to develop technical tasks for the design of information systems in the field of finance, banking and insurance.
SK12. The ability to adapt and implement international standards and regulations in the practical activities of corporations in terms of managing assets, capital, investments, financial results, financial risks.
SK13. The ability to develop strategies for making managerial decisions in the field of finance, banking and insurance based on the principles of liberal arts and science education.
Professional competencies of professional direction 3 (SKS-3) "Financial market":
SKS-3. The ability to transform the skills and abilities of scientific research into the management of strategic development of the financial market and its participants, improvement of banking state regulation, internal audit and controlling, management of banking risks, design of banking products and services, taking into account the peculiarities of using the European banker's certificate.
The study of an educational discipline involves the formation and development of the competencies of students:
integral (INT):
The ability to solve complex tasks and problems in professional activity or in the process of learning in the field of finance, banking and insurance, including of an innovative nature, which involves the application of theories and methods of financial management, conducting research and is characterized by the uncertainty of conditions and requirements for professional and research activities.
Learning outcomes: PR03. Carry out adaptation and modification of existing scientific approaches and methods to specific situations of professional activity in the financial services market.
PR04. Search, process, systematize and analyze information needed to solve professional and scientific problems in the field of financial services.
PR06. It is accessible and reasoned to present the results of research orally and in writing, to participate in professional discussions.
PR10. Carry out diagnostics and modeling of financial activities of financial services market participants.
PR11. Apply in-depth knowledge in the field of financial, banking and insurance management to make decisions in the financial services market.
PR15. To present the results of one's own research, in particular, by preparing scientific publications and speaking at scientific events.
PR18. Choose methods of adaptation and ways of using international standards and regulations in the practical activities of a professional in the field of finance.
PR20. Use the information systems of state financial bodies and corporate information systems, electronic systems for transferring banking information, interbank and other payment systems.
PR23. Develop bank strategies on financial markets, design banking products and services, manage banking risks taking into account the requirements of the European banker's certificate.
Required prior and related subjects: prerequisites:
• -
co-requisite:
• Financial management; Insurance management, Banking management, Financial innovations, Modeling of activity on the insurance market, Risk management in banking.
Summary of the subject: The concept of global financial services market and its components. Classification signs of division participants of worldwide market of financial services and the mechanism of securitization debt. Development’s trends of the global financial services market. Foreign exchange market. The forward contracts. The futures contracts. The organization of market swaps. The organization and functioning of the option market. The concept of hedging and hedging techniques by futures and option contracts. Online securities trading in the financial services market.
Опис: The concept of global financial services market and its components. Classification signs of division participants of worldwide market of financial services and the mechanism of securitization debt. Development’s trends of the global financial services market. Foreign exchange market. The forward contracts. The futures contracts. The organization of market swaps. The organization and functioning of the option market. The concept of hedging and hedging techniques by futures and option contracts. Online securities trading in the financial services market.
Assessment methods and criteria: Methods of monitoring the knowledge and skills of the student of education when studying the discipline include:
1. Current control of the work of the student of education:
- Test survey;
- Oral and face-to-face examination in practical and laboratory classes;
Solving problems using the research method, the research-statistical method; method of synthesis, induction and deduction; spectrum of economic and mathematical methods, including the method of probability theory, the information-receptive method, the reproductive method, the heuristic method, the decision-making method, the optimization method, the dynamic programming method, the problem statement method, etc. and the design of solutions in the form of reports and independent works;
Execution of an individual research task (according to the methodical recommendations of the teacher) using the research method, research-statistical method, heuristic method, decision-making method and its defense in a practical session.
2. Final control: Examination (written and oral component)
Written component:
- Tasks of the 1st level - tests;
- Tasks of the 2nd level - complicated tests;
- The 3rd level task is to solve the problems and choose one correct answer in each of them
Критерії оцінювання результатів навчання: • Current control, thematic control knowledge during the semester, oral examination,
the individual research tasks (30%);
• Examination control (control measure, exam), written-oral form (70%).
Порядок та критерії виставляння балів та оцінок: 100–88 points – (“excellent”) is awarded for a high level of knowledge (some inaccuracies are allowed) of the educational material of the component contained in the main and additional recommended literary sources, the ability to analyze the phenomena being studied in their interrelationship and development, clearly, succinctly, logically, consistently answer the questions, the ability to apply theoretical provisions when solving practical problems; 87–71 points – (“good”) is awarded for a generally correct understanding of the educational material of the component, including calculations, reasoned answers to the questions posed, which, however, contain certain (insignificant) shortcomings, for the ability to apply theoretical provisions when solving practical problems; 70 – 50 points – (“satisfactory”) awarded for weak knowledge of the component’s educational material, inaccurate or poorly reasoned answers, with a violation of the sequence of presentation, for weak application of theoretical provisions when solving practical problems; 49-26 points - ("not certified" with the possibility of retaking the semester control) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to apply theoretical provisions when solving practical problems; 25-00 points - ("unsatisfactory" with mandatory re-study) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to navigate when solving practical problems, ignorance of the main fundamental provisions.
Recommended books: 1. Law of Ukraine №24 of 01.07.2021. About privatization papers. [Electronic resource]. Access mode: https://zakon.rada.gov.ua/laws/show/2173-12#Text.
2. Law of Ukraine № 4452-VI “On the Deposit Guarantee System for Individuals” of February 23, 2012 (as last amended № 1588-IX of June 30, 2021).
3. Law of Ukraine “On Banks and Banking Activity” as amended № 532-V of December 22, 2007, № 661-VI of December 12, 2008 and as of March 2, 2015 № 218-VIII, as amended and supplemented on June 30 2021 N 1587-IX
4. Law of Ukraine "On the National Bank of Ukraine" type 20.05.1999 z ostannimy zminamy № 1587-IX vid 30.06.2021.
5. Instruction "On the procedure for regulating the activities of banks in Ukraine" approved by Resolution № 368 of 28.08.2001 as amended № 57 of 22.06.2021.
6. Resolution on approval of Amendments to the Instruction on the Procedure for Regulating the Activities of Banks in Ukraine (as amended in accordance with the Resolution of the National Bank № 157 of December 24, 2019)
7. Law of Ukraine №738 of 14.06.2013. About derivative financial instruments (derivatives). [Electronic resource]. Access mode: https://ips.ligazakon.net/document/NT0531.
8. LEAGUE: LAW.Futures. Tax Code of 02.12.2010 № 2755-VI [Electronic resource]. Access mode: https://ips.ligazakon.net/document/view/TM040661.
9. LEAGUE: LAW.Forward. Resolution, Methodical instructions from 15.03.2004 № 104 [Electronic resource]. Access mode: https://ips.ligazakon.net/document/TM021360.
10.LIGA: LAW.Option. Article from 25.05.2015 [Electronic resource]. Access mode: https://ips.ligazakon.net/document/reader/BZ007864.
11. Kovalchuk K.F., Archbishop N.V., Valenyuk N.V. Financial services market: Textbook. manual. - Dnipro: NMetAU, 2018. - 135 p.
12. Kirichenko O.A. Financial services market: Textbook / O.A. Kirichenko, M.P. Denisenko, А.В. Chupis // 2nd edition of revisions. and add. - К .: Дорадо-Друк, 2017. - 352 с.
13. Naumenkova S.V. Financial services market: Textbook. manual / S.V. Naumenkova, V.I. Mishchenko. - K .: Knowledge, 2018. - 532 p.
14. Khoma IB Financial services market: Textbook / I.B. Khoma, I.V. Alekseev, LS Trevogo, N.I. Andrushko // 2nd edition. - Lviv: Lviv Polytechnic National University Publishing House, 2012. - 248 p.
15. Naumenkova SV The system of regulation of financial services markets of foreign countries: Textbook. manual / S.V. Naumenkova, VI Mishchenko. - K .: CND NBU, UBS NBU. - 2018. -170 p.
16. Khoma Iryna. Financial modelling of an impact of investment maintenance on the condition and diagnostics of economic protectability of enterprises / Management, finance, economics: modern problems and ways of their solutions: collective monograph / Zhydovska N., – etc. – Іnternational Science Group. – Boston : Primedia eLaunch, 2021. 615 р. - PP. 136-146.
17. Khoma I. FEATURES OF CURRENCY RISK MANAGEMENT IN THE SYSTEM OF FINANCIAL AND ECONOMIC PROTECTION OF ENTERPRISES: Scientific Foundations in Economics and Management: collective monograph / Kovalenko V., Lyutyy I., Zatonatska T., – etc. - International Science Group. - Boston : Primedia eLaunch, 2022. 653 - PP. 261-268.
18. Khoma I.B. Optimizing credit risk from the standpoint of banking institution protection: theoretical and applied principles / I.B. Khoma, Yu.V. Myrhorodets // Electronic scientific journal "Priazov Economic Herald". – Issue 1(24), 2021. - C. 196-201.
19. Resolution of the NBU Board dated July 21, 2022 No. 154 "On Amendments to Resolution No. 18 of the Board of the National Bank of Ukraine dated February 24, 2022".
20. Resolution No. 57 of March 21, 2022 "On Amendments to Certain Regulatory Acts of the National Bank of Ukraine."
21. Resolution No. 18 of February 24, 2022 "On the operation of the banking system during the introduction of martial law" as amended
by resolutions of the Board of the National Bank of Ukraine dated July 21, 2022 No. 154
(amendments made by subparagraph 3 of paragraph 1 of the resolution of the Board of the National Bank of Ukraine
dated July 21, 2022 N 154, entered into force on July 25, 2022)
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