About National Stock Exchange Certification Courses in Financial Markets

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  • 7/27/2019 About National Stock Exchange Certification Courses in Financial Markets

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    Why NCFM?The financial markets are going to be the turf of certified professionals very soon due to regulatory compulsions and/orinitiatives of the industry. By imparting comprehensive knowledge and skill in the chosen field, NCF enhances careeropportunities for NCF certified persons.

    !ome of these modules have regulatory sanctity. For e"ample, #t has been specified by !$B# that all brokers/dealers and sales persons in the derivatives market have tomandatory obtain certification. %erivatives arket &%ealers' odule of the NCF has been recogni(ed by !$B# forthis purpose.

    #n order to improve the level of knowledge of market participants, only persons who have passed Capitalarket &%ealers' odule of the NCF are authori(ed to use the trading system of the National !tock $"change.

    The National !ecurities %epository )imited has similarly prescribed that all the branches of the depositoryparticipants must have at least one person who has *ualified the NCF module on %epository +perations .

    !$B# recommends !urveillance odule for the officers working in surveillance departments of stocke"changes.

    !$B# has made it mandatory for all mutual funds to appoint agents/distributors who have obtained certification

    in F# - utual Funds odules . The e"isting and new employees of mutual funds, particularly those who areinvolved in sales and marketing, are encouraged to pass the certification in F# - utual Funds odules .The NCF rogrammeTaking into account international e"perience and the needs of the #ndian financial markets, with a view for protectinginterests of investors in financial markets and more importantly, for minimi(ing risks of losses arising out of deficientunderstanding of markets and instruments, National !tock $"change introduced in 001 a facility for testing andcertification by launching N!$2s Certification in Financial arkets &NCF '.

    NCF is an online testing system, a revolutionary concept in administration of e"aminations and the only one of itskind today in the country. #t tests the practical knowledge and skills re*uired to operate in the financial markets in asecure and unbiased manner and awards certificates based on relative merits thus ensuring that the caliber ofpersons entering this field is kept high in the best interests of a mature and vibrant market.

    The entire process of testing, assessing and scores reporting in the NCF is fully automated. The system is operatedthrough an intranet facility by using a central 3orld 3ide 3eb server with terminals located at each of the designatedtest centers to be used as an e"amination front end. Communication between the central server and the test centersis achieved through 4! T/leased line network.

    The Test is also offered through the #nternet to enable candidates outside the designated test centers to take tests attheir convenience. This allows fle"ibility in terms of testing centers , dates and timing and provides easy accessibilityand convenience to candidates.The easy accessibility as well as fle"ibility involved in the NCF programme has resulted in its wider acceptanceamong market intermediaries, students and regulators.

    NCF currently tests e"pertise in the following modules.

    NCFM Modules 5 NCF currently tests e"pertise in the following modules5

    . Financial arkets5 Beginners2 odule 6. !ecurities arket &Basic' odule 7. Capital arket &%ealers' odule 8. %erivatives arket &%ealers' odule 9. F# % -N!$ %ebt arket &Basic' odule :. N!%) - %epository +perations odule ;. Commodities arket odule 1. F# - utual Fund &Basic' odule 0. F# - utual Fund & dvisors' odule

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    Financial Markets: A Beginners' ModuleThis module has been prepared for those who are keen to ac*uire some basic but key information about the stockmarkets as an initial step towards becoming a more informed investor. This module will act as a means of satisfyingsome of the initial *ueries on the stock markets and has been prepared with the ob>ective of introducing thefunctioning and role of the financial markets in #ndia to all those interested in this topic

    Securities Market (Basic) Module

    This module e*uips the candidates with the knowledge and fundamentals of the securities market as a whole.

    Capital Market ( ealers) ModuleThis module e*uips the candidates with the knowledge and skills re*uired for dealers in the capital market operations.

    eri!ati!es Market ( ealers) Module!$B# Committee on ?@egulatory Framework for Financial %erivatives in #ndiaA had recommended that all brokers-members and sales persons/dealers in the derivatives market must pass a certification programme. Based on theCommitteeAs recommendations, !$B# issued guidelines for the conduct of the certification e"amination. The%erivatives arket &%ealers' odule certifies brokers-members and sales persons/dealers in the derivatives market.Candidates have the option to take the test in $nglish or =u>arati language. The workbook for the module is availablein $nglish only. For details please click here.

    F"MM A#NS$ e%t Market (Basic) ModuleThis module e*uips the candidates with the knowledge and skills re*uired in debt market operations.

    NS & # epository perations ModuleThis is an initiative of N!%) to accelerate the pace of professionalisation of the depository operations. This modulee*uips the candidates seeking employment with depository participants and thereby helps in fast demateriali(ation ofsecurities.

    Co odities Market ModuleThe module e*uips the candidates with the knowledge and skills re*uired for dealers in Commodities arket odule

    AMF" # Mutual Fund (Basic) ModuleAMF" # Mutual Fund (Ad!isors) Module

    These two modules have been developed by ssociation of utual Funds in #ndia to build a cadre of mutual fundadvisors and disseminate knowledge about the working of the mutual funds.

    he study aterial *or these t+o odules is a!aila%le *or sale at AMF"'s o**ice:

    ASS C"A " N F M, ,A& F,N S "N "N "A-./0 1A2$3A C$N 1$0F1$$ 41$SS 3 ,1NA& MA150NA1"MAN 4 "N 0M,MBA" # 6.. .789elephone Nos9: 8. 8;; changes ModuleThis module has been developed pursuant to the desire of the #nter-$"change arket !urveillance =roup of !$B# tohave a certified training programme for the surveillance staff of the stock e"changes. The module seeks to e*uip thesurveillance staff with the art and science of surveillance in the stock market transactions.

    Corporate 5o!ernance ModuleThis module has been >ointly developed by National !tock $"change of #ndia )imited &N!$#)' and The #nstitute ofCompany !ecretaries of #ndia C!#' to strengthen knowledge on Corporate =overnance.

    Study MaterialThe study material for this module is available at the following #C!#As offices5

    . #C!#-Centre for Corporate @esearch Training lot No. < , !ector 9, #nstitutional rea, CB% Belapur, Navi umbai 8

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    6. 3estern #ndian @egional Council &3#@C' of the #C!# 7 Dolly akers Chambers - ##, First Floor, Nariman oint, umbai 8

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    "n!est ent Banking Analyst Modulerofessional %evelopment rogram in #nvestment Banking nalysis is developed by # ! roschool, a leadingeducation service provider in #ndia to build in-depth financial modeling skills and understanding of #nvestment banking.The certification e"amination will be conducted 7 times in a year - February, ay and November.

    The registration for the e"amination is to be done at # ! roschool Centers across #ndia. For details please contact5

    roschool# ! )earning @esources:th Floor NC) Building, $-BlockBandra Eurla Comple"umbai 8

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    F# % -N!$ %ebt arket &Basic' odule, !urveillance in !tock $"changes odule, pplication Fee - @s. 69

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    1. n email message will be sent to the candidates confirming receipt of fees and status of dispatch of studymaterial.

    +rder !tudy aterial &only for Cash payments made prior to 6 %ecember, 6