Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa
Public University of Navarre
| Course code: 710509 | Subject title: Financial Analysis of International Transactions | ||||
| Credits: 3 | Type of subject: | Year: NULL_VALUE | Period: 1º S | ||
| Department: Gestión de Empresas | |||||
| Lecturers: | |||||
| CAMPION ARRASTIA, MARÍA JESÚS (Resp) [Mentoring ] | CASCANTE RODRIGO, ROBERTO [Mentoring ] | ||||
Contents
The course offers the student three fields of action:
o A macroeconomic vision of the situation of the countries from the point of view of the Balance of Payments, the international financial system and the impact on the foreign exchange market.
o An overview of the financial markets in terms of the instruments available for hedging currency risk.
o An overview of the international capital markets on the forms of borrowing and lending.
o An exposure to the risks companies face when operating in international markets.
Learning outcomes
RA17: Identify and manage the main tools for analyzing and managing international financial transactions.
Methodology
| Methodology - Activity | Face-to-face hours | Non-face-to-face hours |
| A-1 Lectures/participatory classes | 14 | |
| A-2 Practical classes | 14 | 8 |
| A-3 Discussions, group discussions, group tutorials | 8 | |
| A-4 Reading material | 8 | |
| A-5 Individual study | 14 | |
| A-6 Exams, evaluation tests | 2 | |
| A-7 Individual tutorials | 2 | |
| Total | 28 | 42 |
Evaluation
| Learning outcome |
Assessment activity |
Weight (%) | It allows test resit |
Minimum required grade |
|---|---|---|---|---|
| RA17 | Practices 1-4 International Environment, Foreign Exchange Market Knowledge: Spot and Forward | 15 | Yes | |
| RA17 | Practices 5-8 Market Knowledge: Foreign Exchange Derivatives | 15 | Yes | |
| RA17 | Practices 12-13 International Finance Risk Management | 5 | Yes | |
| RA17 | Practice 14 International Investment Projects | 10 | Yes | |
| RA17 | Global exam | 55 | Yes | 5 |
The activities carried out during the course (practices) may be made up in the recovery exam after the final exam, obtaining a mark over 5.
Agenda
International Financial Markets
1. Spot Foreign Exchange Market
2. Forward Markets:
- Basic Parities
- Foreign Exchange Insurance
3. Exchange rate risk and hedging
- Calculation of forward exchange rates.
- Currency futures.
- Currency options.
- Currency swaps
4. International Risks:
- Transaction Risk
- Translation Risk
- Operational Risk
International Financing
1. The international credit market:
- Types of credits: bilateral, club deal and syndicated.
- Loan Guarantees: Corporate and project finance
2. International fixed income and equity markets
Risk management in international transactions
1.Means of payment in international trade
- Simple means of collection.
- Documentary remittances
- Documentary credit
2. International guarantees and sureties
- First demand guarantees
- Stand-by letter of credit.
- Performance and maintenance guarantees
International Investment Projects
- Construction of international cash flows
- International discount rates
- Financing in different currencies
Bibliography
Access the bibliography that your professor has requested from the Library.
Basic Bibliography
Apuntes de la asignatura.
- Course notes
- MARTIN MARIN. Finanzas Internacionales. Editorial Thomson
- OTERO GONZALEZ, LUIS. Gestión Financiera Internacional. Editorial Thomson Reuters Aranzadi
Complemntary Bibliography
- JACQUE, LAWRENCE L. International Corporate Finance. Wiley Finance Series.
- SHAPITO, ALAN C. Multinational Financial Management. 11 th Edition.
- EITEMAN. Las finanzas en las empresas multinacionales. 12 Edición. Pearson
- REVELLO DEL TORO. Manual de Corporate Finance y Banca de Inversión. Delta Publicaciones
- LOPEZ LUBIAN, FRANCISCO. Finanzas en Mercados Internacionales. Editorial Mcgrawhill
- BUTLER, KIRT C. Multinational Finance. 5th Edition. Wiley Finance
- SHAPIRO, ALAN C. Multinational Financial Management. Wiley Finance.