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Description:	The aim of this course is to provide students with a firm understanding of the structure and operation of the foreign exchange and short-term interest rate markets. The module has a strong practical flavour.
Topics:	The Functions of the Foreign Exchange and Money Markets. Markets Participants. Transaction Types. Market Conventions. Deposits, Treasury Bills, Bank Bills and Other Traditional Cash Instruments. Money Market Derivatives: Forward Rate Agreements (FRA) and Money Market Futures. Cash vs. FRA/Futures. FRA vs. Futures. Money Market Transactions: Outrights, Repo, Reverse repo Spot and Forward Exchange Rate Quotes. Cross Currency Exchange Rate. FX Swaps and Cross Currency Swaps. Foreign Exchange and Money Market Arbitrage.
Teaching:	28 hours during first semester