Curriculum & Study Material
Financial Markets: A Beginners' Module: Curriculum | Study Material
Derivatives Market (Dealers) Module: Curriculum | Study Material
Capital Market (Dealers) Module: Curriculum | Study Material
Securities Market (Basic) Module: Curriculum | Study Material
FIMMDA-NSE Debt Market (Basic) Module: Curriculum
Surveillance in Stock Exchanges Module: Curriculum | Study Material
NSDL - Depository Operations Module: Curriculum | Study Material
Commodities Market Module : Curriculum
AMFI - Mutual Fund (Basic) Module: Curriculum | Study Material
AMFI - Mutual Fund (Advisors) Module: Curriculum | Study Material
Corporate Governance Module: Curriculum | Study Material
Compliance Officers (Brokers) Module : Curriculum | Study Material
Compliance Officers (Corporates) Module : Curriculum | Study Material
Information Security Auditors Module (Part-1) : Curriculum
Information Security Auditors Module (Part-2) : Curriculum
Monday, August 25, 2008
Capital Market (Dealers) Module
CAPITAL MARKET (DEALERS) MODULE
CURRICULUM
1.Trading
Introduction
Neat System
Market Types – Normal Market, Odd Lot Market, Retail Debt Market, Auction Market
Corporate Hierarchy
Local Database
Market Phases - Opening, Open Phase, Market Close, Surcon
Logging on
Log Off/Exit from the Application
Neat Screen
Invoking An Inquiry Screen - Market Watch, Security Descriptor, Market by Price, Previous Trades, Outstanding Orders, Activity Log, Order Status, Snap Quote, Market Movement, Market Inquiry, Auction Inquiry, Security/Portfolio List, Multiple Index Broadcast and Graph, Online Backup, Basket trading, Buy Back Trades, Supplementary Functions
Order Management - Entering Orders, Order Modification, Order Cancellation, Order Matching
Trade Management – Trade Modification, Trade Cancellation
Auction - Entering Auction Orders, Auction Order Modification, Auction Order Cancellation, Auction Order Matching
Limited Physical Market
Retail Debt Market (RDM)
Trading Information Downloaded to Members
Internet Broking
Wireless Application Protocol
2.Clearing and Settlement
Introduction - Transaction Cycle, Settlement Process, Settlement Agencies, Risks in Settlement
Settlement Cycle
Securities Settlement
Funds Settlement
Shortages Handling
Risk Containment Measures - Capital Adequacy Requirements, Margins, Settlement Guarantee, No-Delivery Period
International Securities Identification Number
Dematerialisation And Electronic Transfer of Securities
Investor Protection Fund
Clearing Software – Reports
File Transfer Protocol
3.Trading Membership
Stock Brokers – Introduction, Membership in NSE
Sub-Brokers
Broker-Clients Relations - Know Your Client, Unique Client Code, Margins from the Clients, Execution of Orders, Accumulation of Orders, Contract Note, Payments/Delivery of Securities to the Clients, Brokerage, Payment of Stamp Duty, Segregation of Bank Accounts
Sub-Broker-Client Relations - Know Your Client, Orders, Purchase/Sale Note, Payments/Delivery of Securities, Sub-Brokerage
Dispute, Arbitration and Appeal
Code of advertisement
4.Legal Framework
Securities Contracts (Regulation) Act, 1956
Securities Contracts (Regulation) Rules, 1957
Securities and Exchange Board of India Act, 1992
SEBI (Stock Brokers & Sub-Brokers) Rules, 1992
SEBI (Stock Brokers & Sub-Brokers) Regulations, 1992
SEBI (Insider Trading) Regulations, 1992
SEBI (Prohibition of Fraudulent And Unfair Trade Practices Relating to Securities Markets) Regulations, 1995
The Depositories Act, 1996
Indian Contract Act, 1872
The Companies Act, 1956
Public Debt Act, 1944
Income Tax Act, 1961
5.An Overview of the Indian Securities Market
Introduction - Market Segments, Products and Participants
A Profile - Dependence on Securities Market, Investor Population
Primary Market
Secondary Market
Derivatives Market
Market Design - Primary Market, Secondary Market, Derivatives Market
Regulatory Framework
Research in Securities Market
Testing and Certification
6.Fundamental Valuation Concepts
Elementary Statistical Concepts - Mean, Geometric Mean, Variance, Standard Deviation, Coefficient of Variation, Covariance, Correlation Coefficient, Normal Distribution
Time Value of Money – Future Value of A Single Cash Flow, Future Value of an Annuity, Present Value of a Single Cash Flow, Present Value of an Annuity
Understanding Financial Statements - Comparative Financial Statements, Common Size Statements, Ratio Analysis
Equity Research - Bhav Copy Database, Index Database, Order Book Snapshots, Database, Trades Database
CURRICULUM
1.Trading
Introduction
Neat System
Market Types – Normal Market, Odd Lot Market, Retail Debt Market, Auction Market
Corporate Hierarchy
Local Database
Market Phases - Opening, Open Phase, Market Close, Surcon
Logging on
Log Off/Exit from the Application
Neat Screen
Invoking An Inquiry Screen - Market Watch, Security Descriptor, Market by Price, Previous Trades, Outstanding Orders, Activity Log, Order Status, Snap Quote, Market Movement, Market Inquiry, Auction Inquiry, Security/Portfolio List, Multiple Index Broadcast and Graph, Online Backup, Basket trading, Buy Back Trades, Supplementary Functions
Order Management - Entering Orders, Order Modification, Order Cancellation, Order Matching
Trade Management – Trade Modification, Trade Cancellation
Auction - Entering Auction Orders, Auction Order Modification, Auction Order Cancellation, Auction Order Matching
Limited Physical Market
Retail Debt Market (RDM)
Trading Information Downloaded to Members
Internet Broking
Wireless Application Protocol
2.Clearing and Settlement
Introduction - Transaction Cycle, Settlement Process, Settlement Agencies, Risks in Settlement
Settlement Cycle
Securities Settlement
Funds Settlement
Shortages Handling
Risk Containment Measures - Capital Adequacy Requirements, Margins, Settlement Guarantee, No-Delivery Period
International Securities Identification Number
Dematerialisation And Electronic Transfer of Securities
Investor Protection Fund
Clearing Software – Reports
File Transfer Protocol
3.Trading Membership
Stock Brokers – Introduction, Membership in NSE
Sub-Brokers
Broker-Clients Relations - Know Your Client, Unique Client Code, Margins from the Clients, Execution of Orders, Accumulation of Orders, Contract Note, Payments/Delivery of Securities to the Clients, Brokerage, Payment of Stamp Duty, Segregation of Bank Accounts
Sub-Broker-Client Relations - Know Your Client, Orders, Purchase/Sale Note, Payments/Delivery of Securities, Sub-Brokerage
Dispute, Arbitration and Appeal
Code of advertisement
4.Legal Framework
Securities Contracts (Regulation) Act, 1956
Securities Contracts (Regulation) Rules, 1957
Securities and Exchange Board of India Act, 1992
SEBI (Stock Brokers & Sub-Brokers) Rules, 1992
SEBI (Stock Brokers & Sub-Brokers) Regulations, 1992
SEBI (Insider Trading) Regulations, 1992
SEBI (Prohibition of Fraudulent And Unfair Trade Practices Relating to Securities Markets) Regulations, 1995
The Depositories Act, 1996
Indian Contract Act, 1872
The Companies Act, 1956
Public Debt Act, 1944
Income Tax Act, 1961
5.An Overview of the Indian Securities Market
Introduction - Market Segments, Products and Participants
A Profile - Dependence on Securities Market, Investor Population
Primary Market
Secondary Market
Derivatives Market
Market Design - Primary Market, Secondary Market, Derivatives Market
Regulatory Framework
Research in Securities Market
Testing and Certification
6.Fundamental Valuation Concepts
Elementary Statistical Concepts - Mean, Geometric Mean, Variance, Standard Deviation, Coefficient of Variation, Covariance, Correlation Coefficient, Normal Distribution
Time Value of Money – Future Value of A Single Cash Flow, Future Value of an Annuity, Present Value of a Single Cash Flow, Present Value of an Annuity
Understanding Financial Statements - Comparative Financial Statements, Common Size Statements, Ratio Analysis
Equity Research - Bhav Copy Database, Index Database, Order Book Snapshots, Database, Trades Database
Derivatives Market (Dealers) Module
Derivatives Market (Dealers) Module
CURRICULUM
1.Introduction to derivatives (7 Marks)
Definition,
Products
Participants and functions (Types of members to be included)
Types of derivatives
Exchange-traded vs. OTC derivatives markets.
Derivatives market at NSE (including turnover)
2.Market Index: (8 Marks)
Understanding the index number
Index construction
Desirable attributes of an Index
Types of indexes
The S&P CNX Nifty (Introduction, components)
Applications of Index
3.Introduction to futures and options (10 Marks)
Forward contracts
Limitations of forward markets
Introduction to futures
Distinction between futures and forwards contracts
Futures terminology
Introduction to options
Option terminology
Distinction between Futures and options
Index derivatives
4.Application of Futures & Options (10 Marks)
Payoff for derivatives contracts (futures and options)
Difference between trading securities and trading futures on individual securities
Use of Futures (Only simple strategies of hedging, speculation and arbitrage)
Index futures
Stock futures
Use of Options (Only simple strategies of hedging, speculation and arbitrage)
Index options
Stock options
5.Trading (25 Marks)
Futures and options trading system
Entities in the trading system
Basis of trading
Corporate hierarchy
Order types and conditions
The trader workstation
The market watch window
Inquiry window
Placing orders on the trading system
Market spread/ combination order entry
Basket trading
Futures and options market instruments (include interest rate futures)
Contract specifications for index futures
Contract specification for index options
Contract specifications for stock futures
Contract specifications for stock options
Contract cycle
Eligibility of stocks for futures and option trading
Determination of market lot
Quantity freeze
Charges
6.Clearing and settlement (25 Marks)
Clearing entities
Clearing members
Clearing banks
Clearing mechanism
Settlement mechanism
Settlement of futures contracts
Settlement of options contracts
Special facility for settlement of institutional deals
Risk Management Systems (Volatility, types of margins & SPAN)
Adjustments for corporate actions
7.Regulatory framework (15 Marks)
Securities Contracts(Regulation) Act
Securities and Exchange Board of India Act, 1992
Regulation for derivatives trading
L.C Gupta committee Report
J.R Varma committee report
Rules, Regulations and Byelaws of NSEIL
Rules, Regulations and Byelaws of NSCCL
Accounting and Taxation issues
CURRICULUM
1.Introduction to derivatives (7 Marks)
Definition,
Products
Participants and functions (Types of members to be included)
Types of derivatives
Exchange-traded vs. OTC derivatives markets.
Derivatives market at NSE (including turnover)
2.Market Index: (8 Marks)
Understanding the index number
Index construction
Desirable attributes of an Index
Types of indexes
The S&P CNX Nifty (Introduction, components)
Applications of Index
3.Introduction to futures and options (10 Marks)
Forward contracts
Limitations of forward markets
Introduction to futures
Distinction between futures and forwards contracts
Futures terminology
Introduction to options
Option terminology
Distinction between Futures and options
Index derivatives
4.Application of Futures & Options (10 Marks)
Payoff for derivatives contracts (futures and options)
Difference between trading securities and trading futures on individual securities
Use of Futures (Only simple strategies of hedging, speculation and arbitrage)
Index futures
Stock futures
Use of Options (Only simple strategies of hedging, speculation and arbitrage)
Index options
Stock options
5.Trading (25 Marks)
Futures and options trading system
Entities in the trading system
Basis of trading
Corporate hierarchy
Order types and conditions
The trader workstation
The market watch window
Inquiry window
Placing orders on the trading system
Market spread/ combination order entry
Basket trading
Futures and options market instruments (include interest rate futures)
Contract specifications for index futures
Contract specification for index options
Contract specifications for stock futures
Contract specifications for stock options
Contract cycle
Eligibility of stocks for futures and option trading
Determination of market lot
Quantity freeze
Charges
6.Clearing and settlement (25 Marks)
Clearing entities
Clearing members
Clearing banks
Clearing mechanism
Settlement mechanism
Settlement of futures contracts
Settlement of options contracts
Special facility for settlement of institutional deals
Risk Management Systems (Volatility, types of margins & SPAN)
Adjustments for corporate actions
7.Regulatory framework (15 Marks)
Securities Contracts(Regulation) Act
Securities and Exchange Board of India Act, 1992
Regulation for derivatives trading
L.C Gupta committee Report
J.R Varma committee report
Rules, Regulations and Byelaws of NSEIL
Rules, Regulations and Byelaws of NSCCL
Accounting and Taxation issues
Financial Markets: A Beginners' Module
Financial Markets: A Beginners’ Module
Markets and Financial Instruments (Chapters 1 – 2)
(30 Marks)
Types of Markets: Equity, debt, derivatives, commodities, meaning and features of private, public companies; types of investment avenues: Fixed Deposits, Bank Deposits, Provident Fund, Life Insurance, Post Office Savings, Small savings, Gold, Mutual Funds, Equity Share, Debentures/Bonds.
Primary Market (Chapter 3) (15 Marks)
Initial Public Offer (IPO), Book Building through Online IPO, Eligibility to issue securities, Pricing of Issues, Fixed versus Book Building issues, Allotment of Shares, Basis of Allotment, Private Placement.
Secondary Market (Chapters 4 – 8) (40 marks)
Role and Functions of : Securities and Exchange Board of India (SEBI), Depositories, Stock Exchanges, Stock Price Indices, Brokers, Sub-brokers, Foreign Institutional Investors (FIIs), Portfolio Managers, Custodians, Share Transfer Agents, Know Your Client, Member Constituent Agreement, Merchant Bankers, Bankers to an Issue, Debenture Trustees, Underwriters, Credit Rating Agencies, Listing, Membership, Screen-based trading, Client Code, Contract Note, Price-time priority, Price Bands, Clearing and Settlement, Rolling Settlement, Settlement Guarantee Fund (SGF), Margins, Investor Protection Fund (IPF), Do’s and Don’ts for investors.
Financial Statement Analysis (Chapters 9 and 10) (15 Marks)
Balance Sheet, Profit & Loss Account, Stock Market Related Ratios
Simple Analysis before investing in the shares: sources of information, understanding Annual Report, Director’s report etc.
Markets and Financial Instruments (Chapters 1 – 2)
(30 Marks)
Types of Markets: Equity, debt, derivatives, commodities, meaning and features of private, public companies; types of investment avenues: Fixed Deposits, Bank Deposits, Provident Fund, Life Insurance, Post Office Savings, Small savings, Gold, Mutual Funds, Equity Share, Debentures/Bonds.
Primary Market (Chapter 3) (15 Marks)
Initial Public Offer (IPO), Book Building through Online IPO, Eligibility to issue securities, Pricing of Issues, Fixed versus Book Building issues, Allotment of Shares, Basis of Allotment, Private Placement.
Secondary Market (Chapters 4 – 8) (40 marks)
Role and Functions of : Securities and Exchange Board of India (SEBI), Depositories, Stock Exchanges, Stock Price Indices, Brokers, Sub-brokers, Foreign Institutional Investors (FIIs), Portfolio Managers, Custodians, Share Transfer Agents, Know Your Client, Member Constituent Agreement, Merchant Bankers, Bankers to an Issue, Debenture Trustees, Underwriters, Credit Rating Agencies, Listing, Membership, Screen-based trading, Client Code, Contract Note, Price-time priority, Price Bands, Clearing and Settlement, Rolling Settlement, Settlement Guarantee Fund (SGF), Margins, Investor Protection Fund (IPF), Do’s and Don’ts for investors.
Financial Statement Analysis (Chapters 9 and 10) (15 Marks)
Balance Sheet, Profit & Loss Account, Stock Market Related Ratios
Simple Analysis before investing in the shares: sources of information, understanding Annual Report, Director’s report etc.
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