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  5. Financial Instruments Law

Financial Instruments Law

Objectives

Available soon

General characterization

Code

33159

Credits

4

Responsible teacher

Miguel de Azevedo Moura

Hours

Weekly - Available soon

Total - 112

Teaching language

Available soon

Prerequisites

Available soon

Bibliography

Available soon

Teaching method

Classes will be taught on a theorical and practial basis. Students are always invited to participate actively in the discussions.



 



 


Evaluation method

All students are required to attend to a Final Written Exam (FWE) At their own discretion, students may write an essay Optional Written Essay (OWE). The Professor shall consent on the subject of the OWE. Pursuant to MDMF Regulation and other applicable regulations, the Final Mark (FM) shall correspond to the mark of the FWE. OWEs mark shall not affect FM if it is lower than FWEs mark. However, if OWEs mark is higher than FWEs then it will be weighted for the purpose of determining FM in accordance with the following ratio: 60(FWE)/40(OWE). In any case, FM may only be increased up to a maximum of 2 values (out of 20). In exceptional cases, oral presentations may also be allowed (subject to mutual agreement between students and the Professor)


Subject matter

1. INTRODUCTION 1.1. History Background and the (latest) Financial Crisis 1.2. Financial Instruments Law and Financial Law interaction with Banking Law and Insurance Law 1.3. European legal framework 1.4. First approach to markets and market players 2. FINANCIAL INSTRUMENTS 2.1. Legal concept, elements, characteristics and applications 2.2. Securities 2.3. Securities with derivative nature 2.4. Derivatives (i) Swaps (ii) Options (iii) Futures (iv) Commodities (v) Indexes (vi) Contracts for differences (vii) Credit default swaps (viii) Hybrids and synthetic instruments 2.5. Money-market instruments (i) Treasure bills (ii) Commercial paper (iii) Cash bonds 3. MARKET PLAYERS 3.1. Issuers (study of market transparency rules) 3.2. Investors 3.3. Investment firms, investment services and activities 3.4. Organised trading facilities 3.5. Central Counterparties 3.6. Competent authorities 4. MARKET OPERATIONS 4.1. Initial Public Offers (IPO) 4.2. Takeover bid (TKO)