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Derivatives Regulation - LAWS8093
Law Books

 
Faculty: Faculty of Law
 
 
School:  Faculty of Law
 
 
Course Outline: See below
 
 
Campus: Kensington Campus
 
 
Career: Postgraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 2
 
 
Enrolment Requirements:
 
 
Prerequisite: Academic Program must be either 9200, 9210, 5740 or 9230
 
 
Fee Band: 3 (more info)
 
 
Further Information: See Class Timetable
 
 

Description

Derivatives have become an integral part of modern financial risk management. This course examines the legal regime governing derivatives trading, together with legal issues facing those designing these financial products. It covers the following topics: the general structure and regulation of exchange traded derivatives and over the counter derivatives; definition of futures contracts and dealings; the licensing of brokers and advisers; brokers duties; market offences such as bucketing, churning, fraud, manipulation, and dissemination of false and misleading information; over the counter markets; options; swaps, forwards and hybrids; FOREX and capital markets; ISDA documentation; netting; enforceability issues; self-regulatory organisations.


LLM Specialisation

Corporate, Commercial and Taxation Law.

Recommended Prior Knowledge

None

Main Topics

  • Practice, structure of "financial product" and "derivative"
  • Definition of financial product, dealing, etc.
  • Brokers' duties
  • Offences
  • OTC markets
  • Options
  • Swaps, forwards and hybrids
  • Documentation
  • Netting and context
  • Self-regulatory organisations
  • Practical market aspects of derivatives

Assessment

Class participation Preparation, attendance and engagement in class 20%
Research essay 5,000 - 6,000 words (6 unit students); 6,000 - 8,000 (8 unit students) 80%
 

Resources

Refer to Course Outline provided by lecturer at the beginning of session.

URL for this page:

© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.