CERTIFICATE COURSE ON FINANCIAL MARKETS AND SECURITIES LAWS. MODULE 1: Introduction to Financial Market & Money Market
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1 CERTIFICATE COURSE ON FINANCIAL MARKETS AND SECURITIES LAWS MODULE 1: Introduction to Financial Market & Money Market Introduction to Financial Market Financial Market Structure o Money Market o Debt Market o Capital Market o Commodity Futures Market o Forex Market o Insurance o Pension Funds Government Authorities Ministry of Finance Department of Revenue Central Board of Direct Tax Central Board of Excise & Customs Department of Economic Affairs Capital Market Commodity Futures Market Foreign Exchange Management Department of Financial Services Insurance Banking Pension Reforms Money Market Introduction to Money Market Instruments o Call / Notice / Term Money market o Collateralised Borrowing and Lending Obligation (CBLO) o Repurchase Agreement (Repo & Reverse Repo) Market 1
2 o Treasury Bill Market o Commercial Bill Market o Commercial Paper Market o Money Market Mutual Funds Participants o Unorganized Sector o Organized Sector o RBI Master Circular Operational Guidelines for Primary Dealers o RBI Master Circular on Risk Management and Inter-Bank Dealings o RBI Master Circular - Guidelines for Issue of Certificates of Deposit o RBI Master Circular - Guidelines for Issue of Commercial Paper o RBI Master Circular on Call/Notice Money Market Operations Module 2 : Government Securities Market Introduction to Government Securities Market Types of Government Securities o Treasury Bills o Cash Management Bills o Dated Government Securities Fixed Rate Bonds Floating Rate Bonds Zero Coupon Bonds Bonds with Call / Put Options Special Securities Separate Trading of Registered Interest and Principal of Securities (STRIPS) o State Development Loans Issuers of Securities o Central Government o State Government 2
3 Method of Issuance of Government Securities o Auctions conducted by RBI Yield based auctions Price based auctions Listing of Government Securities o Stock Exchanges Trading in Government Securities o Over the counter (OTC) o Negotiated Dealing System (NDS) o Negotiated Dealing System Order Matching (NDS OM) o Stock Exchanges Participants Settlement of Government Securities o Primary Market o Secondary Market o RBI Master Circular Prudential Guidelines for the Primary Dealers in Government Securities Market Module 3 : Corporate Bond Market Introduction to Corporate Bond Market Types of bond markets Types & Features of Fixed income securities Risks & returns analysis Valuation Duration Convexity Fixed Income Portfolio management- domestic and international Interest rate derivatives Issuers of Securities o Public Sector Undertakings, Public Finance Institutions o Private Corporate Sector Participants 3
4 Listing of Debt Securities Trading in Debt Securities Clearing & Settlement of Debt Securities o SEBI (Issue and Listing of Debt Securities) Regulations, 2008 o SEBI (Debenture Trustees) Regulations, 1993 o RBI Master Circular on External Commercial Borrowings and Trade Credits o SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015 Module 4 : Securitised Debt Instruments Introduction to Securitised Debt Instruments Listing of Securitised Debt Instruments Trading in Securitised Debt Instruments Incorporation and registration of Special Purpose Companies Enforcement of Security Interest o Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) o SEBI (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008 o Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 o The Credit Information Companies (Regulation) Act, 2005 Module 5 : Foreign Exchange Market Introduction to Foreign Exchange Market Participants o Reserve Bank of India o Commercial Banks o Primary Dealers o Companies 4
5 Instruments o Spot o Forward o Swap o Futures o Options Trading o OTC o Stock Exchanges - Currency Derivatives o Clearing Corporation of India Ltd. FX-CLEAR (Forex dealing system) o Clearing Corporation of India Ltd. FX-SWAP (Forex Swap dealing system) o Forex Trading Platforms provided by Bloomberg, Reuters Settlement o Society for Worldwide Interbank Financial Telecommunications (SWIFT) o Clearing House Interbank Payment System (CHIPS) New York o Clearing House Automated Payment system (CHAPS) London o Clearing Corporation of India Ltd. through CLS Bank and INFINET o RBI Master Circular on Foreign Investment in India Module 6 : Capital Market Primary Market Type of Securities Market o Primary Market o Secondary Market Primary Market o Types of Issues Initial Public Offering Offer for Sale Preferential Offer Rights Issue 5
6 o Participants Stock Exchanges Members of Stock Exchanges Merchant Bankers Underwriters Bankers to the Issue Credit Rating Agencies Depositories Registrar & Transfer Agents o Applicable Laws SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 SEBI (Depositories and Participants) Regulations, 1996 RBI Master Circular on Foreign Investment in India SEBI (Infrastructure Investment Trusts) Regulations, 2014 SEBI (Real Estate Investment Trusts) Regulations, 2014 SEBI (Issue and Listing of Non-convertible Redeemable Preference shares) Regulations, 2013 SEBI (Alternative Investment Funds) Regulations, 2012 SEBI (Bankers to an Issue) Regulations, 1994 SEBI (Underwriters) Regulations, 1993 SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 SEBI (Merchant Bankers) Regulations, 1992 Listing Agreement Module 7 : Capital Market - Secondary Market Types o OTC o Exchange Traded Participants o Stock Exchanges 6
7 o Members of Stock Exchanges o Clearing Corporations o Depositories o Custodians o Registrar & Transfer Agents Securities Traded o Equity o Equity Derivatives o Currency Derivatives o Mutual Funds Activities o Introduction into Online Trading software Live Trading session on the NSE and BSE Platform o Derivatives (Futures & Options) Pricing of Derivatives o Risk Management Practices Value at Risk o Hedging Strategies Hedge funds and their modus operation o Options Strategies o Arbitraging- Live hand on Cash Market, Futures and options, Live Trading Platforms, Live Arbitrage- NSE to BSE (Cash to Cash) and NSE to NSE (Cash to Future), Situation Arbitrage, Options Arbitrage, Dividend Arbitrage, Pair Trading, Managing Risk using Options o Introduction into Algorithm Trading Module 8 : Capital Market - Secondary Market Compliance o Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996 o Master Circular on Foreign Investment in India 7
8 o SEBI (Prohibition of Insider Trading) Regulations, 2015 o SEBI (Foreign Portfolio Investors) Regulations, 2014 o SEBI (Investment Advisers) Regulations 2013 o SEBI (KYC (Know Your Client) Registration Agency) Regulations, 2011 o SEBI (Investor Protection and Education Fund) Regulations, 2009 o SEBI (Delisting of Equity Shares) Regulations, 2009 o SEBI (Intermediaries) Regulations, 2008 o SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 o SEBI (Foreign Venture Capital Investors) Regulations 2000 o SEBI (Credit Rating Agencies) Regulations, 1999 o SEBI (Buy Back Of Securities) Regulations, 1998 o SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 o SEBI (Custodian Of Securities) Regulations, 1996 o SEBI (Portfolio Managers) Regulations, 1993 SEBI (Stock- Brokers and Sub-Brokers) Regulations, 1992 o SEBI (Investment Advisers) Regulations 2013 o RBI Master Circular on Foreign Investment in India Module 9 : Mutual Funds & Commodity Derivatives Markets Mutual Funds Structure o Fund Sponsor o Trustees o Asset Management Company o Custodian o Registrar & Transfer Agent o Distributors / Agents o Registration Type of Schemes o Structure Open Ended, Closed Ended o Objective Growth, Income, Balanced, Money Market 8
9 o Other Schemes Tax savings, Index, Sector Specific Performance Evaluation of Mutual funds o SEBI (Mutual Funds) Regulations, 1996 Commodity Futures Market Types o Exchange Traded Participants o Commodity Exchanges o Members of Commodity Exchanges o Commodity Clearing Corporations o Warehouses Commodity Futures Trading & Settlement Applicable Laws o Forward Contracts (Regulation) Act, Module 10 : Common Laws Study of Relevant Provisions Companies Act, 2013 Foreign Exchange Management Act, 1999 The Depositories Act, 1996 Securities Contracts (Regulation) Act, 1956 Securities and Exchange Board of India Act, 1992 Banking Companies Act, 1949 Banking Regulations Act, 1949 Chapter VII of Finance Act (No. 2) Act, 2004 [Securities Transaction Tax] Chapter VII of Finance Act, 2013 [Commodities Transaction Tax] Income tax Act, 1961 Prevention of Money Laundering Act, 2002 Foreign Contribution (Regulation) Act, 2010 Indian Financial Code (as proposed) 9
10 MODULE 11 : Fund Raising Debt Equity Promoters Venture Capital/Private equity/strategic investment Structured Financial Products and Securities Securitisation Off Balance sheet Funding MODULE 12 : Infrastructure Finance Long-term debt market Infrastructure debt funds Funding projects Setting up Industrial Parks, SEZs Role of FDI in financing Infrastructure development Buyer s Credit & External Commercial Borrowings Role of Private equity and Venture capital Municipal Bond Market in India MODULE 13 : NPA Management and Appellate Jurisdictions NPA Management Good Portfolio Portfolio Performance Measures Understanding of Risks Identification of Non Performing Assets (NPAs) Containment at a minimum level Ensuring minimum impact of NPAs on financials Methods for Recovery of NPAs Up-gradation / Compromise / Legal means etc. Appellate Jurisdictions 10
11 Debt Recovery Tribunals (DRTs) Securities Appellate Tribunal (SAT) Income Tax Appellate Tribunal (ITAT) PMLA Provisions (Appellate Tribunal) MODULE 14 : Financial Planning and Asset Management Alternative Investment Financial Modeling Business Valuation and Analysis Portfolio Management Fund Management Public Issue Management Investment Planning Wealth Management Financial Planning including retirement and Insurance Planning MODULE 15 : Project Work Project with Case Studies on Analysis, Interpretation, Compliance & Reporting on - SEBI Regulations Banking Regulations Insurance Regulations Company Law Any other Note : Course is to be completed in 78 hours. 11
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