International finance

Faculty of Business Environment and Society

Module No MODULE TITLE 2014

353 FIN International Finance

Coursework number or Title [Contributes 25% to total module mark]

Coursework

Submission by 4pm on date: Monday 17th March 2014

This assignment must be submitted, with a BES coursework cover sheet attached, to William Morris and also via the module web by 16.00 on the above deadline.

Please note:

1. All work submitted after the submission deadline without an approved valid reason (see below) will be given a mark of zero. (This is not the same as a non-submission, as a late submission counts as an attempt and a mark of zero may allow you to resit the coursework.).

2. Short deferrals (extensions) of up to three calendar weeks can only be given for genuine "force majeure" and medical reasons, not for bad planning of your time. Please note that theft, loss, or failure to keep a back-up file, are not valid reasons. The short deferral must be applied for on or before the submission date. You can apply for a short deferral by submitting an Examination/ Coursework Deferral Application Form. Application Forms along with the supporting evidence should go to the relevant Student Support Office (WM404). For a longer delay in submission a student may apply for a (long) deferral.

Students MUST keep a copy and/or an electronic file of their assignment.

Please also submit an electronic copy of your assignment via the module web. ( See instructions on module web)

The electronic version of your assignment may be used to enable checks to be made using anti-plagiarism software and approved plagiarism checking websites.

Word Length 2500 words.

Any penalties for not complying with word limits will be in accordance with University and Faculty policy

Learning Outcomes Assessed

The following learning outcomes are being assessed..

2.  Compare the financial products available on international markets

3. Devise and apply appropriate strategies using derivatives to manage currency risk.

4. Critically evaluate the use of derivative instruments to manage currency risk.

Assessment Criteria

Please see feedback pro-forma.

For information on how marks are awarded for particular elements of this assignment see please see the feedback pro-forma.

Return of Marked Work

Marked work will be returned in class. You can expect to have marked work returned to you by 2 weeks after the submission date

PLAGIARISM WARNING! – Assignments should not be copied in part or in whole from any other source, except for any marked up quotations, that clearly distinguish what has been quoted from your own work. Additionally, the specific page number used should also be given for any direct quotations, which should be in inverted commas, per Harvard referencing format. Citations MUST be used and all references used must be given, using Harvard referencing format. Students found copying from the internet or other sources will get zero marks and may be excluded from the university.

COURSEWORK QUESTION:

There are four different commonly used financial hedging techniques and some operational hedging techniques that firms use to manage currency risk. 

Drawing on literature, critically evaluate all these hedging techniques. Illustrate your arguments with appropriate examples / cases / empirical studies review.

(Hint: Analysis can be focused on large firms or small firms, or comparison)

ATTACH THIS TO YOUR 353FIN CW

Student Name ………………………………………………..Student ID ………………………………………………..

Topic……………………………………………………………………………………………………………………………..

Note: You must also include a signed statement indicating what work each group member has done

Introductory Section
Interpretation of questions and introductions (10%)	Launches straight into project with no attempt to introduce or define the topics that will be covered in each section	The introduction is perfunctory with a limited attempt to define the scope of the report/topics to be discussed	Clearly understands and states the key issues of the report.
Body of project
Logical development (15%)	This is confused and disorganised so that the story is obscure.	Could be better organised. Sequence of some material being rather illogical.	Develops a logical argument and marshals ideas clearly.
Subject relevance (15%)	Contains too much irrelevant/repetitive subject matter.	Some irrelevant / repetitive material.	All material is relevant.
Strength and depth of analysis (30%)	Too much reliance on written sources and undigested material. Little analysis.	Little personal input. Mainly from written sources. Some analysis.	Clear and informed analysis of subject matter. Well used real cases/data/empirical studies review to support discussion.
Use of sources (10%)	Use of one or few sources only	Use of a variety of reference material.	Has used and shows good grasp of all relevant references.
Conclusions (10%)	Report comes to an abrupt end without a proper concluding section.	Conclusions rather perfunctory.	Good concluding section drawing together the various points made.
Other Features
References Grammar spelling Length (10%)	No references in text or listed.	References are not always properly and appropriately cited and listed.	References are always properly and appropriately cited and listed
	Grammar and spelling need urgent attention.	Grammar and spelling -satisfactory	Grammar and spelling -good
	Far too long or too short.	The length could have been better.	The length was correct for the subject matter.

A tick on the line separating the boxes indicates intermediate assessments

Mark Awarded...........................................

(Minus any penalty)……………………… (Late work – see TPMR.)

Final mark awarded ……………………. (May be subject to change by the subject assessment board)

Additional Comments (if any)