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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

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o Treasury Bill Market o Commercial Bill Market o Commercial Paper Market o Money Market Mutual Funds

Participants o Unorganized Sector o Organized Sector

Applicable Laws 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

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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

Applicable Laws 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

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Listing of Debt Securities

Trading in Debt Securities

Clearing & Settlement of Debt Securities

Applicable Laws 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

Applicable Laws 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

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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

Applicable Laws 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

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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

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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

Applicable Laws o Securities and Exchange Board of India (Depositories and

Participants) Regulations, 1996 o Master Circular on Foreign Investment in India

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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

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o Other Schemes – Tax savings, Index, Sector Specific

Performance Evaluation of Mutual funds

Applicable Laws 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, 1952.

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)

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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

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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.