AFF5260 Money market dealing

Unit Guide Semester 1, 2012

The information contained in this unit guide is correct at time of publication. The University has the right to change any of the elements contained in this document at any time. Last updated: 20 Feb 2012

Table of Contents
AFF5260 Money market dealing - Semester 1, 2012..............................................................................1 Mode of Delivery..............................................................................................................................1 Workload ..........................................................................................................................................1 Unit Relationships............................................................................................................................1 Co-requisites........................................................................................................................1 Chief Examiner............................................................................................................................................1 Campus Lecturer.........................................................................................................................................1 Caulfield...........................................................................................................................................1 Tutors..........................................................................................................................................................2 Caulfield...........................................................................................................................................2 Academic Overview ...................................................................................................................................3 Learning Objectives.........................................................................................................................3 Graduate Attributes ..........................................................................................................................3 Assessment Summary.....................................................................................................................3 Hurdle Requirements...........................................................................................................3 Second marking...................................................................................................................3 Return of final marks............................................................................................................4 Assessment criteria ..............................................................................................................4 Teaching Approach.....................................................................................................................................4 Feedback.....................................................................................................................................................4 Our feedback to You........................................................................................................................4 Your feedback to Us........................................................................................................................5 Previous Student Evaluations of this unit....................................................................................................5 Required Resources....................................................................................................................................5 Recommended Resources..........................................................................................................................6 Unit Schedule .............................................................................................................................................7 Assessment Requirements......................................................................................................................8 Assessment Tasks ...........................................................................................................................8 Assessment task 1...............................................................................................................8 Assessment task 2.............................................................................................................10 Assessment task 3.............................................................................................................11 Assessment task 4.............................................................................................................13 Assessment task 5.............................................................................................................14 Assessment task 6.............................................................................................................14 Examinations.............................................................................................................................................15 Assignment submission.............................................................................................................................15 Hard copy submission...................................................................................................................15 Online submission.........................................................................................................................15 Other Information....................................................................................................................................16 Policies..........................................................................................................................................16 Student services............................................................................................................................16 Blackboard (MUSO) ......................................................................................................................16 . Prescribed text(s) and readings.........................................................................................17 Recommended 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 markets covering 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 market trading 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 time commitment expected for this unit, over the 12 teaching weeks, is 144 hours. In order to meet the facultys expectation, students should plan to spend, on average, eight hours of self-directed study in addition 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 this unit must be prepared to commit to team based assessment and learning both inside and outside of 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 TANT Contact hours: 4

AFF5260 Money market dealing - Semester 1, 2012

Tutors
Caulfield
Ms Thi Nguyen Campus: Caulfield Phone: +61 3 990 34953 Email: Linh.Nguyen@monash.edu Contact hours: 4 Ms Van Vu Campus: Clayton Email: Van.Vu@monash.edu Contact hours: 4

Academic Overview
Learning Objectives
The learning goals associated with this unit are to: 1. analyse dealing practices and conventions in the foreign exchange market and cash market 2. co-ordinate the front office and back office functions of a simulated bank's treasury dealing room 3. account and settle transactions completed in the simulated treasury dealing room 4. develop dealing strategies in the treasury dealing room 5. analyse and manage positions taken in the treasury dealing room.

Graduate Attributes
Monash prepares its graduates to be: 1. responsible and effective global citizens who: a. engage in an internationalised world b. exhibit cross-cultural competence c. demonstrate ethical values 2. critical and creative scholars who: a. produce innovative solutions to problems b. apply research skills to a range of challenges c. communicate perceptively and effectively

Assessment Summary
Hurdle Requirements
Your final mark will be the sum of the marks gained in all pieces of assessment. To pass this unit you must obtain 50% of the overall assessment. During dealing sessions, students will be effectively operating their bank's dealing room as a group. Each bank (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 do not 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 time commitments 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 again by a second examiner who will independently evaluate the work, and consult with the first marker. No student will be awarded a fail grade for an assessment task or unit without a second examiner confirming 3

Academic Overview 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 Board of Examiners on the recommendation of the Chief Examiner taking into account all aspects of assessment'. The final mark for this unit will be released by the Board of Examiners on the date nominated in the Faculty 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 Assessment Task 1: Overall group trading analysis i.e. trading reports in the Foreign Exchange Module Value 10% Due Date Weekly as advised Ongoing during semester Weekly as advised Week 12 Completed in Week 12

Individual assessment of performance in tutorials and during trading 15% sessions Overall group trading analysis i.e. trading reports in the Loans and Deposits Module Group Assignment and Presentation Semester Test Bank profitability, quizzes and penalties 30% 15% 30% As applicable

Teaching Approach
This teaching approach is experiential learning with active learner involvement in a practical environment. 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 4

Academic Overview 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, Student Evaluation of Teacher and Unit. The University's student evaluation policy requires that every unit is evaluated each year. Students are strongly encouraged to complete the surveys. The feedback is anonymous and provides the Faculty with evidence of aspects that students are satisfied and areas for improvement. For more information on Monash's educational strategy, and on student evaluations, see: http://www.monash.edu.au/about/monash-directions/directions.html http://www.policy.monash.edu/policy-bank/academic/education/quality/student-evaluation-policy.html

Previous Student Evaluations of this unit

The class numbers have been increased to increase market liquidity. It is intended that two STARLab simulations will occur simultaneously with the two STARLabs linked together through the use of technology If you wish to view how previous students rated this unit, please go to https://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 a Plantronics AUDIO 615M/Z USB Headset. The required headset enables students to operate the telephone system and at present this is the only model permitted. This requirement exists because of technical details regarding the Monash Trader software system and for occupational health and safety 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 of information: 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. 5

Academic Overview AFMA. (2005). Code of ethics and code of conduct. Sydney, NSW: retrieved from http://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). McGraths financial institutions, instruments and markets (6th ed). Sydney, NSW: McGraw Hill Irwin.

Unit Schedule
Week 0 1 2 3 Week commencing 27 February 2012; Introduction to unit and software Week commencing 5 March 2012; Overview of dealing room Week commencing 12 March 2012; Dealing theory of foreign exchange. Practice session in foreign exchange Week commencing 19 March 2012;Foreign exchange trading session Week commencing 26 March 2012; Week commencing 2 April 2012; Foreign exchange module summary and Introduction to Loans and Deposits Module. PLEASE NOTE THAT NEXT WEEK IS THE EASTER BREAK. Week commencing 16 April 2012; Loans and Deposits Module and trading session Week commencing 23 April 2012; Loans and deposits Loans and Deposits Trading Report For Session 2 due no later than in the class trading session. WEDNESDAY CLASS PLEASE of week 9 NOTE THAT 25 APRIL IS A PUBLIC HOLIDAY (ANZAC DAY) AND WE NEED TO RESCHEDULE THIS CLASS. Week commencing 30 April 2012; Loans and deposits trading session Week commencing 7 May 2012; Loans and deposits trading session Loans and Deposits Trading Report For Session 4 due no later than in the class of week 11 Foreign Exchange Trading Report Due no later than in the class of week 6 Foreign Exchange Trading Report Due no later than in the class of week 4 Activities Assessment No formal assessment or activities are undertaken in week 0

4 5 6

7 8

9 10

11 12

Week commencing 14 May 2012; Loans and deposits Annual Report Due no later than the trading session week of week 12 Week commencing 21 May 2012; Semester Review and Test SWOT VAC Examination period Semester Test No formal assessment is undertaken SWOT VAC LINK to Assessment Policy: 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 Foreign Exchange Module Due date: Weekly as advised Details of task: This assessment task is designed to test a students achievement of objectives 1 to 5. This is a task for a maximum group of three students. Students will form groups through student choice, with guidance provided by the chief examiner. Each student group (bank team) is required to conduct full analysis of FX simulated trading sessions during the semester. The trading report is a report to the CEO of the bank, and as such it needs to be concise and 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 more relevant to their CEO. The group must prepare a plan for the completion of the trading reports and allocate specific 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 reports will used as the mark for trading reports for the unit. It is expected that each trading report should 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 provide reports ranging from 10 to 42 pages. It is up to students to determine what aspects of their trading report are relevant to fully inform the CEO (chief examiner) of their Bank. The contribution of each student for each trading report in terms of hours and percentage must be provided on the front cover of every trading report to ensure that an even contribution of work occurs. Failure to do this will result in a reduction of 20% of the total mark for each trading 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 allocate specific 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 Sheet is designed to ensure that group members who do not contribute appropriately are identified and assessed accordingly. Individual Peer & Self Assessment Sheets must be 8

Assessment Requirements submitted to the chief examiner for the Foreign Exchange Module (and again for the Loans and Deposits Module) no later than the class of the week the final trading report is submitted. The Peer Assessment Sheet will be used to determine students contribution to their team and marks will be allocated according to this contribution. The chief examiner will act as arbitrator. A copy of the Peer and Self Assessment Sheet is included on blackboard. 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 mark being 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 be adjusted based on these Peer & Self Assessment Sheet results 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 the report. A copy of the Peer & Self Assessment Sheet has been placed on Blackboard. Criteria for marking: Each report will be marked out of 100, and the average of the marks for all trading reports will 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) (15 marks), Depth and quality of trading strategies used for session (both planned and actual) (15 marks), Depth and quality of performance indicators (25 marks) and Level of new input/innovation shown in research/analysis/trading session practices (45 marks). 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 by completing the application form found at URL. http://www.buseco.monash.edu.au/student/exams/speccon.html. The form must be submitted to the Chief Examiner for approval. Penalties for late lodgement Late submissions will automatically lose 20% of the marks available PER DAY for each day that they are overdue. It is suggested that students plan on submitting reports before the 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 9

Assessment Requirements assignment coversheet, available at URL: http://www.buseco.monash.edu.au/student/forms/assessment-coversheet.doc. In the case of group assessment, each member of the group must complete and sign a separate assignment 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 objectives 15. 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. Students should prepare solutions before coming to class and be ready to discuss. A number of points are taken into account in the assessment of performance during trading sessions: Prior to the trading sessions commencing it is expected that students will have prepared for the session, and familiarised themselves with the major points of importance in the evaluation of a professional dealer as outlined in the Introduction booklet, which can be downloaded from Blackboard (see section on Prescribed Text(s) above). Key issues listed in this booklet include participation in the market, telephone technique, market insight, ability to make markets, speed of quotation, position keeping, relationships with other banks, and team work. Throughout the semester these issues will be assessed. At no stage will students be aware of who, or what issues, are being assessed. This assessment is undertaken to ensure that all students provide a professional attitude to 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, or do not commit to participate in the market as part of their team. The outcome for students who do not participate in all dealing sessions will be a loss of up 15% marks together with group assessment marks totalling up to 55%. Weighting/Value: 15% Estimated return date: End of semester Learning objectives assessed: Tests Objectives 1 5

10

Assessment Requirements

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 students achievement of objectives 1 to 5. This is a task for a maximum group of three students. Students will form groups through student choice, with guidance provided by the chief examiner. Each student group (bank team) is required to conduct full analysis of Loans and Deposits simulated trading sessions during the semester. This includes a projection of Net Interest Income in each trading report. Students will need to develop their own excel model. 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 concise and 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 more relevant to their CEO. The group must prepare a plan for the completion of the trading reports and allocate specific 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 reports will used as the mark for trading reports for the unit. It is expected that each trading report should 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 provide reports ranging from 10 to 42 pages. It is up to students to determine what aspects of their trading report are relevant to fully inform the CEO (unit leader) of their Bank. The contribution of each student for each trading report in terms of hours and percentage must be provided on the front cover of every trading report to ensure that an even contribution of work occurs. Failure to do this will result in a reduction of 20% of the total mark for each trading 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 allocate specific 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 Sheet is designed to ensure that group members who do not contribute appropriately are identified 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 class of the week the final trading report is submitted. The peer assessment sheet will be used to determine students contribution to their team and marks will be allocated according to 11

Assessment Requirements this contribution. The unit leader will act as arbitrator. A copy of the Peer and Self Assessment 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 mark being 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 be adjusted based on these Peer & 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 the report. A copy of the Peer & Self Assessment sheet has been placed on blackboard. Criteria for marking: Each report will be marked out of 100, and the average of the marks for all trading reports will 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) (10 marks), Depth and quality of trading strategies used for session (both planned and actual) (15 marks), Depth and quality of performance indicators (25 marks), Profitability projection (35 marks), Level of new input/innovation shown in research/analysis/trading session practices (15 marks). 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 by completing the application form found at URL. http://www.buseco.monash.edu.au/student/exams/speccon.html. The form must be submitted to the Chief Examiner for approval. Penalties for late lodgement Late submissions will automatically lose 20% of the marks available PER DAY for each day that they are overdue. It is suggested that students plan on submitting reports before the due date to cover any unexpected delays. Typical excuses including those relating to computer breakdown will not be accepted (see Responsibilities of Students at the beginning of this unit outline). Assessment coversheet: Work submitted for assessment MUST be accompanied by a completed and signed assignment coversheet, available at URL: http://www.buseco.monash.edu.au/student/forms/assessment-coversheet.doc. In the 12

Assessment Requirements case of group assessment, each member of the group must complete and sign a separate assignment coversheet. An assessment cover sheet is required, signed by all team members with the hard copy submitted. All trading reports submitted must show the numbers of hours and percentage of 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 Loans and Deposits activities of your bank for the semester. It must include a graph showing how your Bank's profit projection changed each week with discussion. It is expected that students will refer to financial institution reports as a basis for presentation. Word limit: As appropriate. Weighting/Value: 15% Presentation requirements: Report is to be submitted in a format similar to that of Annual Reports submitted by financial 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 allocate specific 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 their commitments on tasks allocated to them by the group. The Peer & Self Assessment Sheet is designed to ensure that group members who do not contribute appropriately are identified and assessed accordingly. Individual Peer & Self Assessment Sheets must be submitted 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 this contribution. The unit leader will act as arbitrator. A copy of the Peer and Self Assessment 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 mark being placed on blackboard if they are dissatisfied with the individual mark they received. Please note (again) that individual marks allocated may be adjusted based on these Peer & 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 the report.

13

Assessment Requirements It is suggested that students commence thinking about the Annual Report in Week1 and commence 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 by completing the application form found at URL. http://www.buseco.monash.edu.au/student/exams/speccon.html. The form must be submitted to the Chief Examiner for approval. Penalties for late lodgement Late submissions will automatically lose 20% of the marks available PER DAY for each day that they are overdue. It is suggested that students plan on submitting reports before the 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 assignment coversheet, available at URL: http://www.buseco.monash.edu.au/student/forms/assessment-coversheet.doc. In the case of group assessment, each member of the group must complete and sign a separate assignment coversheet. A Peer Assessment Sheet is required, from each team member when the hard copy is submitted. 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 12 Details of task: The test will comprise multiple choice, true/false, and/or short answer questions over a period not exceeding two (2) hours duration. The test will be based on all material delivered via Blackboard, the material presented and discussed during classes, and the research and analysis expected to be completed by students throughout the semester. Weighting/Value: 30% Estimated return date:

Assessment task 6
Title: Bank profitability, quizzes and penalties Due date: Details of task: 14

Assessment Requirements 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 following any aspect of the code of conduct, late attendance, non-attendance or not following 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 for all breaches thereafter. Weighting/Value: As applicable Estimated return date:

Examinations Assignment submission

Hard copy submission
Hard copies of trading reports and assignments must be provided to the chief examiner in the chief examiner'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 Kevin.Tant@monash.edu

15

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 might uphold 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) Assessment (http://www.policy.monash.edu/policy-bank/academic/education/assessment/assessment-in-coursework-po Special Consideration (http://www.policy.monash.edu/policy-bank/academic/education/assessment/special-consideration-policy.h Grading Scale (http://www.policy.monash.edu/policy-bank/academic/education/assessment/grading-scale-policy.html) Discipline: Student Policy (http://www.policy.monash.edu/policy-bank/academic/education/conduct/student-discipline-policy.html) 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 Academic and Administrative Complaints and Grievances Policy (http://www.policy.monash.edu/policy-bank/academic/education/management/complaints-grievance-policy.

Student services
The University provides many different kinds of support services for you. Contact your tutor if you need advice 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 time and be more effective in your learning and research. Go to http://www.lib.monash.edu.au or the library tab in my.monash portal for more information. Students who have a disability or medical condition are welcome to contact the Disability Liaison Unit to discuss 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: dlu@monash.edu Drop In: Equity and Diversity Centre, Level 1 Gallery Building (Building 55), Monash University, Clayton Campus.

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

16

Other Information You can contact MUSO Support by: Jobdesk: http://jobdesk.monash.edu.au/login/index.cfm?jobdesk_id=14 Email: muso.support@calt.monash.edu.au Phone: (+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 a Plantronics AUDIO 615M/Z USB Headset. The required headset enables students to operate the telephone system and at present this is the only model permitted. This requirement exists because of technical details regarding the Monash Trader software system and for occupational health and safety 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 of information: 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 from http://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). McGraths financial institutions, instruments and markets (6th ed). Sydney, NSW: McGraw Hill Irwin.

17