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UNSW Business School/ Banking and Finance
business.unsw.edu.au
CRICOS Code 00098G
FINS5568
Capstone - Portfolio Management Process
ASSIGNMENT
Task 1
on
Social Impact Bond
UNSW Business School
School of Banking & Finance
This assessment is prepared by Henry Yip for students enrolled in FINS5568 at UNSW, Sydney. 2
Purpose: We use this task to present an authentic scenario for students to practise the course learning
outcome (CLO) below which is aligned with two program learning outcomes, PLO1 Business knowledge and
PLO3 Business communication.
CLO PLO
Formulate answers
to questions raised
by the prospective
investors ahead of a
roadshow to promote
interest in social
impact bond
investing.
PLO 1: Business knowledge
Students will make informed and effective selection and application of knowledge
in a discipline or profession, in the contexts of local and global business.
PLO 3: Business communication
Students will harness, manage, and communicate business information effectively
using multiple forms of communication across different channels.
The scenario (based on the Side by Side (SbS) Social Impact Bond (SIB) Information Memorandum:
“In July 2018, the State (of Victoria) released a Request for Proposals calling for innovative social impact
investment proposals in the areas of vulnerable children (ages 5 to 14, or school years 1 to 10) and disengaged
youth (ages 15 to 24). Berry Street and VACCA submitted a proposal in the vulnerable children category and
were subsequently invited to participate in a joint development phase, supported by SVA.”
On 22 October 2020, SVA, as the parent company of the issuer of the SbS SIB, released an information
memorandum to provide a comprehensive overview of the financial product to prospective investors.
Your role:
Imagine that you were an analyst in impact investing at SVA. In recognition of your leadership in the formulation
of the information memorandum, you were tasked to lead a team of up to three members, including yourself,
to run a week-long roadshow in the last week of October 2020 to promote the SbS SIB.
After receiving several questions from the registered participants about the financial product ahead of the
roadshow, your team decided to prepare responses to the questions and have the information printed
beforehand for distribution to the prospective investors at the launching event.
The question (40 marks. Word limit: 550):
This assignment requires you to answer the most popular question among the registered participants. The
question is shown below.
We want to make an informed judgement on whether the Side by Side Social Impact Bond is worthy of
our investment. Can you give us any relevant information that we should take into consideration?
Requirements:
1. You may attempt the assignment individually or as a group of three.
2. Go to “Task 1” in the course Moodle page to register a new group or join an existing group before the due
date. This registration requirement applies to all students, i.e., individual and group attempts.
• For individual attempt, the group will have one member.
• For joint attempt, the group may have two or three members. The members may be enrolled in the
same or different classes who agree to work together. DO NOT join any group unless the incumbent
members have agreed to work with you.
3. Submit the response before the due date. Only one submission per group is needed. This means a group
with more than one member is required to nominate one member to submit on behalf of the entire group.
This assessment is prepared by Henry Yip for students enrolled in FINS5568 at UNSW, Sydney. 3
Guidance:
1. Watch the pre-recorded lecture videos at your own pace before Week 1 to learn the topic.
2. Come to class in Week 1 to learn how we utilise the information memorandum of another social impact
bond to discuss the same question as this assignment.
3. To answer the question in this assignment, study the Side by Side Social Impact Bond information
memorandum. Then follow the approach we take in class to make informed and effective selection and
application of knowledge; and compose and communicate the answer in writing effectively.
4. When you attempt the question, every member in the same group will have access to, and share, the
same text box to type in and revise the answer.
5. A well-written answer has the following attributes.
• Rigorous, i.e., the answer is precise, exact, and thorough.
• Clear, i.e., the answer is easy to read and understand with minimal grammatical mistakes.
• Concise, i.e., the answer does not have redundant and unnecessary materials and is within the word
limit.
• Coherent, i.e., the answer is well-structured whereby the words, sentences, and paragraphs are
connected logically.
6. No referencing is needed. We know the answer is based on the Side by Side Social Impact Bond
information memorandum.
Due date and penalty:
1. The due date and time are 9 am Friday, 29 September (Sydney time), Week 3.
2. Late submission will incur a penalty of 5% per calendar day or part thereof (including weekends) from
the due date and time. An assessment will not be accepted after 5 days (120 hours) of the original
deadline unless special consideration has been approved by the Special Consideration Team. An
assignment is considered late if the assignment has not been submitted on time via Moodle or where
the ‘wrong’ assignment has been submitted.
3. Refer to the course Moodle page for information on special consideration if needed.