AFF5260 Unit Outline Semester 1 2012

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AFF5260Money market dealing

Unit Guide

Semester 1, 2012

The information contained in this unit guide is correct at time of publication. The University has the rightto change any of the elements contained in this document at any time.

Last updated: 20 Feb 2012



Table of ContentsAFF5260 Money market dealing - Semester 1, 2012..............................................................................1

Mode of Delivery.................... ..........................................................................................................1Workload..........................................................................................................................................1Unit Relationships............................................................................................................................1

Co-requisites........................................................................................................................1Chief Examiner............................................................................................................................................1Campus Lecturer.........................................................................................................................................1

Caulfield...........................................................................................................................................1Tutors..........................................................................................................................................................2

Caulfield...........................................................................................................................................2

Academic Overview...................................................................................................................................3Learning Objectives.........................................................................................................................3Graduate Attributes..........................................................................................................................3Assessment Summary.....................................................................................................................3

Hurdle Requirements............ ...............................................................................................3Second marking...................................................................................................................3Return of final marks............................................................................................................4

Assessment criteria..............................................................................................................4Teaching Approach.....................................................................................................................................4Feedback.....................................................................................................................................................4

Our feedback to You........................................................................................................................4Your feedback to Us........................................................................................................................5

Previous Student Evaluations of this unit....................................................................................................5Required Resources....................................................................................................................................5Recommended Resources..........................................................................................................................6

Unit Schedule.............................................................................................................................................7

Assessment Requirements......................................................................................................................8Assessment Tasks...........................................................................................................................8Assessment task 1...............................................................................................................8Assessment task 2.............................................................................................................10Assessment task 3.............................................................................................................11Assessment task 4.............................................................................................................13Assessment task 5.............................................................................................................14Assessment task 6.............................................................................................................14

Examinations.............................................................................................................................................15Assignment submission.............................................................................................................................15

Hard copy submission...................................................................................................................15Online submission.........................................................................................................................15

Other Information....................................................................................................................................16Policies............................................................... ...........................................................................16Student services............................................................................................................................16Blackboard (MUSO).......................................................................................................................16

Prescribed text(s) and readings.........................................................................................17Recommended text(s) and readings..................................................................................17



AFF5260 Money market dealing - Semester 1, 2012

This unit will combine classroom teaching and direct observance experience of the money marketscovering background to the money markets, participants, interest rate and exchange rate determination,instruments traded in the money and currency markets, strategies and money and currency markettrading operations. The simulated treasury dealing room will be used extensively in this course.

Mode of Delivery

Caulfield (Day)

Workload

This is a six credit point unit with four hours class contact per week over 12 weeks. The total timecommitment expected for this unit, over the 12 teaching weeks, is 144 hours. In order to meet thefaculty’s expectation, students should plan to spend, on average, eight hours of self-directed study inaddition to the four hours of class contact each week.

Outside class time includes the completion of research and allocated class tasks.

55% of assessment is team based both inside and outside of class and students undertaking thisunit must be prepared to commit to team based assessment and learning both inside and outsideof the classroom.

Attendance at class on time is compulsory.

There are no prerequisites for this unit, but an understanding of financial markets and treasury

management is required.

Unit Relationships

Co-requisites

Students must be enrolled in course , 0504, 2619, 3189, 3818, 3850 or 4412 to undertake this unit

Chief Examiner

Kevin Tant

Campus Lecturer

Caulfield

Dr. Kevin TANTContact hours: 4

1

http://directory.monash.edu.au/cgi-bin/staffsearch/staffsearch?name=Kevin%20Tant





Academic Overview

Learning Objectives

The learning goals associated with this unit are to:

analyse dealing practices and conventions in the foreign exchange market and cash market1.co-ordinate the front office and back office functions of a simulated bank's treasury dealing room2.account and settle transactions completed in the simulated treasury dealing room3.develop dealing strategies in the treasury dealing room4.analyse and manage positions taken in the treasury dealing room.5.

Graduate Attributes

Monash prepares its graduates to be:

responsible and effective global citizens who:

engage in an internationalised worlda.exhibit cross-cultural competenceb.demonstrate ethical valuesc.

1.

critical and creative scholars who:

produce innovative solutions to problemsa.apply research skills to a range of challengesb.communicate perceptively and effectivelyc.

2.

Assessment Summary

Hurdle Requirements

Your final mark will be the sum of the marks gained in all pieces of assessment. To pass this unit youmust obtain 50% of the overall assessment.

During dealing sessions, students will be effectively operating their bank's dealing room as a group. Eachbank (and the market) will only operate successfully if all students attend and participate.Non-attendance also means that students will not be able to demonstrate individual or team skills.Accordingly, it is a requirement that students attend all sessions. The outcome for students who donot participate in all dealing sessions will be a loss of up to 15% individual marks and up to 55%group trading report/annual report marks.

As a student, if you have doubts about your ability to meet the participation, teamwork and timecommitments listed above, it is recommended that you withdraw from this unit in the first week

of the semester .

Second marking

Where an assessment task is given a fail grade by an examiner, that piece of work will be marked againby a second examiner who will independently evaluate the work, and consult with the first marker. Nostudent will be awarded a fail grade for an assessment task or unit without a second examiner confirming

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the result.

Note: Exceptions to this are individual pieces of assessment contributing 10% or less of the final mark,unless the total of such pieces exceeds 30% of the final mark.

Return of final marks

Faculty policy states that 'the final mark that a student receives for a unit will be determined by the Boardof Examiners on the recommendation of the Chief Examiner taking into account all aspects ofassessment'.

The final mark for this unit will be released by the Board of Examiners on the date nominated in theFaculty Calendar. Student results will be accessible through the my.monash portal.

Assessment criteria

Assessment Criteria Grading Descriptors available at:http://www.buseco.monash.edu.au/esg/agu/policies/assessment.html.

Assessment Task Value Due Date

Assessment Task 1: Overall group trading analysis i.e. tradingreports in the Foreign Exchange Module

10% Weekly as advised

Individual assessment of performance in tutorials and during tradingsessions

15% Ongoing duringsemester

Overall group trading analysis i.e. trading reports in the Loans andDeposits Module

30% Weekly as advised

Group Assignment and Presentation 15% Week 12

Semester Test 30% Completed in Week12

Bank profitability, quizzes and penalties Asapplicable

Teaching Approach

This teaching approach is experiential learning with active learner involvement in a practicalenvironment. Reflection is used to conceptualise the experience.

•

This teaching approach is practical learning.•

Feedback

Our feedback to You

Types of feedback you can expect to receive in this unit are:

Informal feedback on progress in labs/tutes•

Graded assignments with comments•

Academic Overview

4

http://www.buseco.monash.edu.au/esg/agu/policies/assessment.html

http://www.buseco.monash.edu.au/esg/agu/policies/assessment.html



Quiz results•

Other: Trading reports and discussions during trading activities and consultation times.•

Your feedback to Us

Monash is committed to excellence in education and regularly seeks feedback from students, employers

and staff. One of the key formal ways students have to provide feedback is through SETU, StudentEvaluation of Teacher and Unit. The University's student evaluation policy requires that every unit isevaluated each year. Students are strongly encouraged to complete the surveys. The feedback isanonymous and provides the Faculty with evidence of aspects that students are satisfied and areas forimprovement.

For more information on Monash's educational strategy, and on student evaluations, see:http://www.monash.edu.au/about/monash-directions/directions.htmlhttp://www.policy.monash.edu/policy-bank/academic/education/quality/student-evaluation-policy.html

Previous Student Evaluations of this unitThe class numbers have been increased to increase market liquidity. It is intended that two STARLabsimulations will occur simultaneously with the two STARLabs linked together through the use oftechnology

If you wish to view how previous students rated this unit, please go tohttps://emuapps.monash.edu.au/unitevaluations/index.jsp

Required Resources

STARLAB Audio Headsets (Compulsory – all students must purchase)

Students enrolled in units using the phone system in the STARLABS are required to purchase aPlantronics AUDIO 615M/Z USB Headset. The required headset enables students to operate thetelephone system and at present this is the only model permitted. This requirement exists because oftechnical details regarding the Monash Trader software system and for occupational health andsafety reasons. The headsets can be purchased at the CITSU Book Shop at Caulfield.

Prescribed text

Douglas, A., Pontikis, P., & Lovrencic, L. (2005). FX Trading: An Australian guide to trading foreign

exchange . Milton, QLD: Wrightbooks.

The following booklets are available via Blackboard, and should be used as an additional source ofinformation:

Tant K. (2012a) Introduction. Department of Accounting & Finance. Monash University, Caulfield.

Tant K. (2012b) Code of Conduct. Department of Accounting & Finance. Monash University, Caulfield.

Tant K., (2012c) Foreign Exchange Module. Department of Accounting & Finance. Monash University,Caulfield.

Tant K. (2012d) Loans & Deposit Module. Department of Accounting & Finance. Monash University.Caulfield.

Academic Overview

5

http://www.monash.edu.au/about/monash-directions/directions.html

https://emuapps.monash.edu.au/unitevaluations/index.jsp

https://emuapps.monash.edu.au/unitevaluations/index.jsp

http://www.policy.monash.edu/policy-bank/academic/education/quality/student-evaluation-policy.html

http://www.monash.edu.au/about/monash-directions/directions.html



AFMA. (2005). Code of ethics and code of conduct . Sydney, NSW: retrieved fromhttp://www.afma.com.au/standards.html

NB. All material available on Blackboard should be considered as part of the prescribed texts.

Recommended Resources

Gup, B., Avram, K., Beal D., Lambert, R., & Kolari, J. (2007). Commercial banking. The management of risk (3rd ed.). Milton, Queensland: John Wiley and Sons.

Viney, C. (2009). McGrath’s financial institutions, instruments and markets (6th ed). Sydney, NSW:McGraw Hill Irwin.

Academic Overview

6

http://www.afma.com.au/standards.html




Unit Schedule

Week Activities Assessment

0 No formal assessment or activities areundertaken in week 0

1 Week commencing 27 February 2012; Introduction tounit and software

2 Week commencing 5 March 2012; Overview ofdealing room

3 Week commencing 12 March 2012; Dealing theory offoreign exchange. Practice session in foreignexchange

Foreign Exchange Trading Report Dueno later than in the class of week 4

4 Week commencing 19 March 2012;Foreign exchangetrading session

5 Week commencing 26 March 2012; Foreign Exchange Trading Report Due

no later than in the class of week 6

6 Week commencing 2 April 2012; Foreign exchangemodule summary and Introduction to Loans andDeposits Module. PLEASE NOTE THAT NEXT WEEKIS THE EASTER BREAK.

7 Week commencing 16 April 2012; Loans and DepositsModule and trading session

8 Week commencing 23 April 2012; Loans and depositstrading session. WEDNESDAY CLASS PLEASENOTE THAT 25 APRIL IS A PUBLIC HOLIDAY

(ANZAC DAY) AND WE NEED TO RESCHEDULETHIS CLASS.

Loans and Deposits Trading Report ForSession 2 due no later than in the classof week 9

9 Week commencing 30 April 2012; Loans and depositstrading session

10 Week commencing 7 May 2012; Loans and depositstrading session

Loans and Deposits Trading Report ForSession 4 due no later than in the classof week 11

11 Week commencing 14 May 2012; Loans and depositstrading session

Annual Report Due no later than theweek of week 12

12 Week commencing 21 May 2012; Semester Review

and Test

Semester Test

SWOT VAC No formal assessment is undertakenSWOT VAC

Examination period LINK to Assessment Policy:http://policy.monash.edu.au/policy-bank/ academic/education/assessment/ assessment-in-coursework-policy.html

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http://policy.monash.edu.au/policy-bank/academic/education/assessment/assessment-in-coursework-policy.html








Assessment Requirements

Assessment Tasks

Assessment task 1

Title:Assessment Task 1: Overall group trading analysis i.e. trading reports in the ForeignExchange Module

Due date:Weekly as advised

Details of task:This assessment task is designed to test a student’s achievement of objectives 1 to 5.This is a task for a maximum group of three students. Students will form groupsthrough student choice, with guidance provided by the chief examiner.

Each student group (bank team) is required to conduct full analysis of FX simulatedtrading sessions during the semester.

The trading report is a report to the CEO of the bank, and as such it needs to be conciseand to the point. A general template for a short trading report is provided on Blackboard,but students may vary this format if they believe that varying it would make it morerelevant to their CEO.

The group must prepare a plan for the completion of the trading reports and allocatespecific tasks within this plan to members of the group. In order to pass this assessment,members of the group must work as a team, and decisions must be made by the team

(not by the individual member).Word limit:

Each report will be marked out of 100, and the average of the marks for all trading reportswill used as the mark for trading reports for the unit. It is expected that each trading reportshould be about 10 pages long, but students can submit longer reports if they believe it is justified. In past semesters students who attained a High Distinction chose to providereports ranging from 10 to 42 pages. It is up to students to determine what aspects of theirtrading report are relevant to fully inform the CEO (chief examiner) of their Bank. Thecontribution of each student for each trading report in terms of hours and percentage mustbe provided on the front cover of every trading report to ensure that an even contributionof work occurs. Failure to do this will result in a reduction of 20% of the total mark for eachtrading report.

Weighting/Value:10%

Estimated return date:One week after submission

Individual Assessment in Group Tasks:The group must prepare a plan for the completion of the trading reports and allocatespecific tasks within this plan to members of the group. In order to pass this assessment,members of the group must work as a team, and decisions must be made by the team(not by the individual member).

Because of the tight time lines for the trading reports, group members MUST meet their

commitments on tasks allocated to them by the group. The Peer & Self Assessment Sheetis designed to ensure that group members who do not contribute appropriately areidentified and assessed accordingly. Individual Peer & Self Assessment Sheets must be

•

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submitted to the chief examiner for the Foreign Exchange Module (and again for theLoans and Deposits Module) no later than the class of the week the final trading report issubmitted. The Peer Assessment Sheet will be used to determine students’ contribution totheir team and marks will be allocated according to this contribution. The chief examinerwill act as arbitrator. A copy of the Peer and Self Assessment Sheet is included onblackboard. Feedback on the peer assessments for the first module will be provided so

that students can improve their performance in the second module.

Final marks for each student will be recorded on Blackboard. It is students’responsibility to consult with the chief examiner within two weeks of the markbeing placed on Blackboard if they are dissatisfied with the individual mark theyreceived.

Please note (again) that individual marks allocated for group trading reports may beadjusted based on these Peer & Self Assessment Sheet results If you, as anindividual, do not contribute fully to the team, you may receive lower marks than the markallocated to the group for the report. A copy of the Peer & Self Assessment Sheet hasbeen placed on Blackboard.

Criteria for marking:

Each report will be marked out of 100, and the average of the marks for all trading reportswill used as the mark for trading reports for the unit.

The breakdown of the 100 marks is:

Depth and quality of economic/market/news analysis (both expected and actual) (15marks),

Depth and quality of trading strategies used for session (both planned and actual) (15marks),

Depth and quality of performance indicators (25 marks) and

Level of new input/innovation shown in research/analysis/trading session practices (45marks).

Learning objectives assessed:Tests Objectives 1 – 5

Submission details:

A hard copy and soft copy must be provided to the unit leader as advised on blackboard.Penalties for late lodgement:

Applications for extension of time

Applications for an extension of time allocated to an assessment task must be made bycompleting the application form found at URL.http://www.buseco.monash.edu.au/student/exams/speccon.html. The form must besubmitted to the Chief Examiner for approval.

Penalties for late lodgement

Late submissions will automatically lose 20% of the marks available PER DAY for eachday that they are overdue. It is suggested that students plan on submitting reports beforethe due date to cover any unexpected delays. Typical excuses including those relating to

computer breakdown will not be accepted.Assessment coversheet:Work submitted for assessment MUST be accompanied by a completed and signed


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http://www.buseco.monash.edu.au/student/exams/speccon.html



assignment coversheet, available at URL:http://www.buseco.monash.edu.au/student/forms/assessment-coversheet.doc. In thecase of group assessment, each member of the group must complete and sign a separateassignment coversheet.

All trading reports submitted must show the numbers of hours and percentage of time

each student contributed to the trading report.

Assessment task 2

Title:Individual assessment of performance in tutorials and during trading sessions

Due date:Ongoing during semester

Details of task:This is an individual assessment and is designed to test your achievement of objectives1–5.

Instructions to students

Tutorial questions are provided on blackboard. Answers to these tutorial questions will be covered in the nominated lecture only. No solution will be posted on blackboard. Studentsshould prepare solutions before coming to class and be ready to discuss.

A number of points are taken into account in the assessment of performance duringtrading sessions:

Prior to the trading sessions commencing it is expected that students will haveprepared for the session, and familiarised themselves with the major points ofimportance in the evaluation of a professional dealer as outlined in the Introduction booklet, which can be downloaded from Blackboard (see section on PrescribedText(s) above).

♦

Key issues listed in this booklet include participation in the market, telephonetechnique, market insight, ability to make markets, speed of quotation, positionkeeping, relationships with other banks, and team work. Throughout the semesterthese issues will be assessed. At no stage will students be aware of who, or whatissues, are being assessed.

♦

This assessment is undertaken to ensure that all students provide a professional attitudeto their dealing activities and to working together with other members of their bank.

Assessment marks will be deducted if students fail to conform to market conventions, ordo not commit to participate in the market as part of their team. The outcome for studentswho do not participate in all dealing sessions will be a loss of up 15% marks together withgroup assessment marks totalling up to 55%.

Weighting/Value:15%

Estimated return date:End of semester

Learning objectives assessed:Tests Objectives 1 – 5

•


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http://www.buseco.monash.edu.au/student/forms/assessment-coversheet.doc



Assessment task 3

Title:Overall group trading analysis i.e. trading reports in the Loans and Deposits Module

Due date:Weekly as advised

Details of task:This assessment task is designed to test a student’s achievement of objectives 1 to 5.This is a task for a maximum group of three students. Students will form groupsthrough student choice, with guidance provided by the chief examiner.

Each student group (bank team) is required to conduct full analysis of Loans andDeposits simulated trading sessions during the semester. This includes a projection of NetInterest Income in each trading report. Students will need to develop their own excelmodel. An exercise to help students do this will be loaded on blackboard. It is students'responsibility to complete this exercise.

The trading report is a report to the CEO of the bank, and as such it needs to be conciseand to the point. A general template for a short trading report is provided on Blackboard,but students may vary this format if they believe that varying it would make it morerelevant to their CEO.

The group must prepare a plan for the completion of the trading reports and allocatespecific tasks within this plan to members of the group. In order to pass this assessment,members of the group must work as a team, and decisions must be made by the team(not by the individual member).

Word limit:Each report will be marked out of 100, and the average of the marks for all trading reportswill used as the mark for trading reports for the unit. It is expected that each trading reportshould be about 10 pages long, but students can submit longer reports if they believe it is justified. In past semesters students who attained a High Distinction chose to providereports ranging from 10 to 42 pages. It is up to students to determine what aspects of theirtrading report are relevant to fully inform the CEO (unit leader) of their Bank. Thecontribution of each student for each trading report in terms of hours and percentage mustbe provided on the front cover of every trading report to ensure that an even contributionof work occurs. Failure to do this will result in a reduction of 20% of the total mark for eachtrading report.

Weighting/Value:30%

Estimated return date:

One week after submission.Individual Assessment in Group Tasks:

The group must prepare a plan for the completion of the trading reports and allocatespecific tasks within this plan to members of the group. In order to pass this assessment,members of the group must work as a team, and decisions must be made by the team(not by the individual member).

Because of the tight time lines for the trading reports, group members MUST meet theircommitments on tasks allocated to them by the group. The Peer & Self Assessment Sheetis designed to ensure that group members who do not contribute appropriately areidentified and assessed accordingly. Individual Peer & Self Assessment Sheets must be

submitted to the chief examiner for the loans and deposits module no later than the classof the week the final trading report is submitted. The peer assessment sheet will be usedto determine students’ contribution to their team and marks will be allocated according to


11



this contribution. The unit leader will act as arbitrator. A copy of the Peer and SelfAssessment Sheet is included on blackboard.

Final marks for each student will be recorded on Blackboard. It is students’responsibility to consult with the chief examiner within two weeks of the markbeing placed on blackboard if they are dissatisfied with the individual mark they

received.

Please note (again) that individual marks allocated for group trading reports may beadjusted based on these Peer & Self Assessment Sheet results i.e. if you, as anindividual, do not contribute fully to the team, you may receive lower marks than the markallocated to the group for the report. A copy of the Peer & Self Assessment sheet hasbeen placed on blackboard.

Criteria for marking:Each report will be marked out of 100, and the average of the marks for all trading reportswill used as the mark for trading reports for the unit.

The breakdown of the 100 marks is:

Depth and quality of economic/market/news analysis (both expected and actual) (10marks),

Depth and quality of trading strategies used for session (both planned and actual) (15marks),

Depth and quality of performance indicators (25 marks),

Profitability projection (35 marks),

Level of new input/innovation shown in research/analysis/trading session practices (15marks).

Learning objectives assessed:Tests Objectives 1 - 5.

Submission details:A hard copy and soft copy must be provided to the unit leader as advised on blackboard.

Penalties for late lodgement:Applications for extension of time

Applications for an extension of time allocated to an assessment task must be made bycompleting the application form found at URL.

http://www.buseco.monash.edu.au/student/exams/speccon.html. The form must besubmitted to the Chief Examiner for approval.


Late submissions will automatically lose 20% of the marks available PER DAY for eachday that they are overdue. It is suggested that students plan on submitting reports beforethe due date to cover any unexpected delays. Typical excuses including those relating tocomputer breakdown will not be accepted (see Responsibilities of Students at thebeginning of this unit outline).

Assessment coversheet:

Work submitted for assessment MUST be accompanied by a completed and signedassignment coversheet, available at URL:http://www.buseco.monash.edu.au/student/forms/assessment-coversheet.doc. In the


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case of group assessment, each member of the group must complete and sign a separateassignment coversheet.

An assessment cover sheet is required, signed by all team members with the hard copysubmitted. All trading reports submitted must show the numbers of hours and percentageof time each student contributed to the trading report.

•

Assessment task 4

Title:Group Assignment and Presentation

Due date:Week 12

Details of task:You are required to submit an annual report covering the foreign exchange and Loansand Deposits activities of your bank for the semester. It must include a graph showinghow your Bank's profit projection changed each week with discussion.

It is expected that students will refer to financial institution reports as a basis forpresentation.

Word limit:As appropriate.

Weighting/Value:15%

Presentation requirements:Report is to be submitted in a format similar to that of Annual Reports submitted byfinancial institutions that are public companies.

Estimated return date:Two weeks after submission.

Individual Assessment in Group Tasks:The group must prepare a plan for the completion of the trading reports and allocatespecific tasks within this plan to members of the group. In order to pass this assessment,members of the group must work as a team, and decisions must be made by the team(not by the individual member).

Because of the tight time lines for the Annual Report, team members MUST meet theircommitments on tasks allocated to them by the group. The Peer & Self Assessment Sheetis designed to ensure that group members who do not contribute appropriately areidentified and assessed accordingly. Individual Peer & Self Assessment Sheets must besubmitted with the Annual Report. The peer assessment sheet will be used to determine

students’ contribution to their team and marks will be allocated according to thiscontribution. The unit leader will act as arbitrator. A copy of the Peer and Self AssessmentSheet is included on blackboard.

Final marks for each student will be recorded on Blackboard. It is students’responsibility to consult with the chief examiner within two weeks of the markbeing placed on blackboard if they are dissatisfied with the individual mark theyreceived.

Please note (again) that individual marks allocated may be adjusted based on thesePeer & Self Assessment Sheet results i.e. if you, as an individual, do not contribute fully

to the team, you may receive lower marks than the mark allocated to the group for thereport.

•


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It is suggested that students commence thinking about the Annual Report in Week1 andcommence its preparation once the Foreign Exchange Module is completed.

Learning objectives assessed:Learning objectives 1 - 5.

Submission details:A hard copy and soft copy must be provided to the unit leader as advised on blackboard.

Penalties for late lodgement:Applications for extension of time

Applications for an extension of time allocated to an assessment task must be made bycompleting the application form found at URL.http://www.buseco.monash.edu.au/student/exams/speccon.html. The form must besubmitted to the Chief Examiner for approval.


Late submissions will automatically lose 20% of the marks available PER DAY for eachday that they are overdue. It is suggested that students plan on submitting reports beforethe due date to cover any unexpected delays. Typical excuses including those relating tocomputer breakdown will not be accepted.

Assessment coversheet:Work submitted for assessment MUST be accompanied by a completed and signedassignment coversheet, available at URL:http://www.buseco.monash.edu.au/student/forms/assessment-coversheet.doc. In thecase of group assessment, each member of the group must complete and sign a separateassignment coversheet.

A Peer Assessment Sheet is required, from each team member when the hard copy issubmitted. All Annual Reports submitted must show the numbers of hours and percentage

of time each student contributed to the Annual Report.

Assessment task 5

Title:Semester Test

Due date:

Completed in Week 12Details of task:

The test will comprise multiple choice, true/false, and/or short answer questions over aperiod not exceeding two (2) hours duration.

The test will be based on all material delivered via Blackboard, the material presented anddiscussed during classes, and the research and analysis expected to be completed bystudents throughout the semester.

Weighting/Value:30%

Estimated return date:

•

Assessment task 6

Title:

Bank profitability, quizzes and penaltiesDue date:Details of task:

•


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The chief examiner reserves the right to provide bonus marks for profitability and quizzes,but is not required to do so. Details will be listed on blackboard during the semester.

Penalties resulting in a deduction of marks will apply for all students not followingany aspect of the code of conduct, late attendance, non-attendance or notfollowing any requirements of the unit relating to completion or submission of any

work required . A one mark penalty will apply for the first breach and two marks forall breaches thereafter.Weighting/Value:

As applicableEstimated return date:

Examinations

Assignment submission

Hard copy submission

Hard copies of trading reports and assignments must be provided to the chief examiner in the chiefexaminer's mail box no later than the commencement of the class it is required.

The chief examiner's mail box is located on Level 3 of H Building.

Online submission

Electronic copies can be submitted by email to the chief examiner's email address

[email protected]


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mailto:[email protected]




Other Information

Policies

Monash has educational policies, procedures and guidelines, which are designed to ensure that staff and

students are aware of the University's academic standards, and to provide advice on how they mightuphold them. You can find Monash's Education Policies at:http://policy.monash.edu.au/policy-bank/academic/education/index.html

Key educational policies include:

Plagiarism(http://www.policy.monash.edu/policy-bank/academic/education/conduct/plagiarism-policy.html)

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Assessment(http://www.policy.monash.edu/policy-bank/academic/education/assessment/assessment-in-coursework-p

•

Special Consideration

(http://www.policy.monash.edu/policy-bank/academic/education/assessment/special-consideration-policy.

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Grading Scale(http://www.policy.monash.edu/policy-bank/academic/education/assessment/grading-scale-policy.html)

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Discipline: Student Policy(http://www.policy.monash.edu/policy-bank/academic/education/conduct/student-discipline-policy.html)

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Academic Calendar and Semesters (http://www.monash.edu.au/students/key-dates/);•

Orientation and Transition (http://www.infotech.monash.edu.au/resources/student/orientation/);and

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Academic and Administrative Complaints and Grievances Policy(http://www.policy.monash.edu/policy-bank/academic/education/management/complaints-grievance-policy

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Student services

The University provides many different kinds of support services for you. Contact your tutor if you needadvice and see the range of services available at www.monash.edu.au/students

The Monash University Library provides a range of services and resources that enable you to save timeand be more effective in your learning and research. Go to http://www.lib.monash.edu.au or the librarytab in my.monash portal for more information.

Students who have a disability or medical condition are welcome to contact the Disability Liaison Unit todiscuss academic support services. Disability Liaison Officers (DLOs) visit all Victorian campuses on a

regular basis

Website: http://adm.monash.edu/sss/equity-diversity/disability-liaison/index.html;•

Telephone: 03 9905 5704 to book an appointment with a DLO;•

Email: [email protected]•

Drop In: Equity and Diversity Centre, Level 1 Gallery Building (Building 55), Monash University,Clayton Campus.

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Blackboard (MUSO)

All unit and lecture materials, plus other information of importance to students, are available through theMUSO (Monash University Studies Online) site. You can access MUSO via the My.Monash Portal:http://my.monash.edu.au

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http://policy.monash.edu.au/policy-bank/academic/education/index.html

http://www.policy.monash.edu/policy-bank/academic/education/conduct/plagiarism-policy.html

http://www.policy.monash.edu/policy-bank/academic/education/assessment/assessment-in-coursework-policy.html

http://www.policy.monash.edu/policy-bank/academic/education/assessment/special-consideration-policy.html

http://www.policy.monash.edu/policy-bank/academic/education/assessment/grading-scale-policy.html

http://www.policy.monash.edu/policy-bank/academic/education/conduct/student-discipline-policy.html

http://www.monash.edu.au/students/key-dates/

http://www.policy.monash.edu/policy-bank/academic/education/management/complaints-grievance-policy.html

http://www.lib.monash.edu.au/

http://adm.monash.edu/sss/equity-diversity/disability-liaison/index.html

http://my.monash.edu.au/


http://adm.monash.edu/sss/equity-diversity/disability-liaison/index.html

http://www.lib.monash.edu.au/

http://students/

http://www.policy.monash.edu/policy-bank/academic/education/management/complaints-grievance-policy.html

http://www.infotech.monash.edu.au/resources/student/orientation/

http://www.monash.edu.au/students/key-dates/

http://www.policy.monash.edu/policy-bank/academic/education/conduct/student-discipline-policy.html

http://www.policy.monash.edu/policy-bank/academic/education/assessment/grading-scale-policy.html

http://www.policy.monash.edu/policy-bank/academic/education/assessment/special-consideration-policy.html

http://www.policy.monash.edu/policy-bank/academic/education/assessment/assessment-in-coursework-policy.html

http://www.policy.monash.edu/policy-bank/academic/education/conduct/plagiarism-policy.html

http://policy.monash.edu.au/policy-bank/academic/education/index.html



You can contact MUSO Support by:Jobdesk: http://jobdesk.monash.edu.au/login/index.cfm?jobdesk_id=14Email: [email protected]: (+61 3) 9903-1268

Further information can be obtained from the following site

http://www.monash.edu.au/muso/support/index.html

Prescribed text(s) and readings

STARLAB Audio Headsets (Compulsory – all students must purchase)

Students enrolled in units using the phone system in the STARLABS are required to purchase aPlantronics AUDIO 615M/Z USB Headset. The required headset enables students to operate thetelephone system and at present this is the only model permitted. This requirement exists because oftechnical details regarding the Monash Trader software system and for occupational health andsafety reasons. The headsets can be purchased at the CITSU Book Shop at Caulfield.

Prescribed text

Douglas, A., Pontikis, P., & Lovrencic, L. (2005). FX Trading: An Australian guide to trading foreign exchange . Milton, QLD: Wrightbooks.

The following booklets are available via Blackboard, and should be used as an additional source ofinformation:

Tant K., (2012a) Introduction , Department of Accounting & Finance, Monash University, Caulfield

Tant K., (2012b) Code of Conduct, Department of Accounting & Finance, Monash University, Caulfield

Tant K., (2012c) Foreign Exchange Module , Department of Accounting & Finance, Monash University,Caulfield

Tant K., (2012d) Loans & Deposit Module , Department of Accounting & Finance, Monash University,Caulfield

AFMA. (2005). Code of ethics and code of conduct . Sydney, NSW: retrieved fromhttp://www.afma.com.au/standards.html

NB. all material available on Blackboard should be considered as part of the prescribed texts.

Recommended text(s) and readings

Gup, B., Avram, K., Beal D., Lambert, R., & Kolari, J. (2007). Commercial banking. The management of risk (3rd ed.). Milton, Queensland: John Wiley and Sons.

Viney, C. (2009). McGrath’s financial institutions, instruments and markets (6th ed). Sydney, NSW:McGraw Hill Irwin.

Other Information





http://jobdesk.monash.edu.au/login/index.cfm?jobdesk_id=14

Documents

AFF5260 Unit Outline Semester 1 2012