NSE’s CERTIFICATION IN FINANCIAL MARKETS (NCFM)

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NSEs CERTIFICATION IN FINANCIAL MARKETS (NCFM)

STOCK EXCHANGE? A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and dividends. Securities traded on a stock exchange include shares issued by companies, unit trusts, derivatives, pooled investment products and bonds.

Bombay Stock Exchange (BSE) National Stock Exchange of India (NSE) Indian Commodity Exchange (ICEX) United Stock Exchange of India (USE) Multi Commodity Exchange (MCX) MCX Stock Exchange (MCX-SX) Over the Counter Exchange of India (OTCEI) Inter-connected Stock Exchange of India (ISE) Madras Stock Exchange (MSE) Ahmedabad Stock Exchange (ASE) Bhubaneshwar Stock Exchange (BhSE) Cochin Stock Exchange (CSE) Hyderabad Stock Exchange (HSE) Calcutta Stock Exchange (CSE) Delhi Stock Exchange (DSE) Bangalore Stock Exchange Madhya Pradesh Stock Exchange, Indore Jaipur Stock Exchange (JSE) Magadh Stock Exchange, Patna UP Stock Exchange (UPSE) Vadodara Stock Exchange,Vadodara (VSE)

STOCK EXCHANGES IN INDIA

NATIONAL STOCK EXCHANGE(NSE) Set up by Govt of India on the recommendation of Pherwani Committee in 1991. Located at Mumbai. Incorporated in November 1992 as a tax-paying company. It was in April 1993 that NSE was recognized as stock exchange under the Securities Contract Act 1956. 16th largest stock exchange in the world by market capitalization. Largest in India by daily turnover and number of trades, for both equities and derivative trading.

Contd.. In 2011, NSE was the third largest stock exchange in the world in terms of the number of contracts (1221 million) traded in equity derivatives. It is the second fastest growing stock exchange in the world with a recorded growth of 16.6%. NSE has a market capitalization of around US$985 billion and over 1,646 listings as of December 2011

MAJOR INDICES OF NSE1. 2. 3. 4. 5. 6. S&P CNX Nifty. S&P CNX Defty. CNX Nifty Junior. CNX 100. S&P CNX 500. CNX Midcap.

NSE CORPORATE STRUCTURE NSE is one of the first de-mutualised stock exchanges in the country, where the ownership and management of the Exchange is completely divorced from the right to trade on it. NSE is owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries and is managed by professionals, who do not directly or indirectly trade on the Exchange.

Its Board comprises of senior executives from promoter institutions, eminent professionals in the fields of law, economics, accountancy, finance, taxation, etc, public representatives, nominees of SEBI and one full time executive of the Exchange. The day-to-day management of the Exchange is delegated to the Managing Director who is supported by a team of professional staff.

Contd..

PROMOTERSIndustrial Development Bank of India Limited Industrial Finance Corporation of India Limited Life Insurance Corporation of India State Bank of India ICICI Bank Limited IL & FS Trust Company Limited Stock Holding Corporation of India Limited SBI Capital Markets Limited Bank of Baroda Canara Bank General Insurance Corporation of India National Insurance Company Limited The New India Assurance Company Limited The Oriental Insurance Company Limited United India Insurance Company Limited Punjab National Bank Oriental Bank of Commerce Indian Bank Union Bank of India Infrastructure Development Finance Company Ltd.

NCFM National Stock Exchange introduced NCFM in 1998. NCFM is an online testing and certification programme. It tests the practical knowledge and skills required to operate in the financial markets. Certificates awarded based on merit of the candidate to qualify the on-line test.

HOW TESTS ARE CONDUCTED The entire process of testing, assessing and scores reporting in the NCFM is fully automated. The system is operated through an intranet facility by using a central World Wide Web server with terminals located at each of the designated test centres to be used as an examination front end. The Test is also offered through the Internet to enable candidates outside the designated test centres to take tests at their convenience.

1.Financial Markets: A Beginner's ModuleObjective : To get a basic understanding of the products, players and functioning of financial markets, particularly the capital market. To understand the terms and jargons used in the financial newspapers and periodicals.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 50 (50%); There is no negative marking in this module. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date Fees Rs. 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

2. Mutual Funds: A Beginner's ModuleObjectives : To understand the concept of mutual funds. To know about the roles of different players viz., custodians, asset management companies, sponsor etc. in the mutual fund industry. To learn about the tax and regulatory issues related to mutual funds. To understand the fundamentals of net asset value (NAV) computation and various investment plans.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 50 (50%); There is no negative marking in this module. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

3. Currency Derivatives: A Beginner's Module Objectives : To understand the fundamentals of the currency market. To understand the currency futures as a risk management tool. To learn about the trading platform of the currency derivatives segment of a stock exchange.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 50 (50%); There is no negative marking in this module. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

4. Equity Derivatives: A Beginner's Module

Objectives : To understand the concept of derivative. To learn the types of derivative products and their application. To learn about the the trading of derivatives on the stock exchanges.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 50 (50%); There is no negative marking in this module. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

5. Interest Rate Derivatives: A Beginner's ModuleObjectives : To understand the concept of money market To understand the interest rate derivatives as a risk management tool

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 50 (50%); There is no negative marking in this module. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees Rs.1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

6. Commercial Banking in India: A Beginner's ModuleObjectives : To learn the fundamentals of banking. To improve one's awareness of the policies and practices in the Indian banking sector. To be familiar with banking services available in India.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 50 (50%); There is no negative marking in this module. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees Rs 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

7. Securities Market (Basic) ModuleObjectives : To understand the various products, participants and the functions of the securities market. To understand the market design of Primary Market & Secondary Market. To understand the government securities market.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 60 (60%). There is negative marking for incorrect answers." Certificate validity: For successful candidates certificates are valid for 5 years from the test date. Fees 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

8. Capital Market (Dealers) Module (CMDM)Objectives : To understand the capital market trading operations of NSE. To understand the clearing, settlement and risk management processes. To know about the eligibility criteria for seeking membership at NSE. To learn the other important regulatory aspects.

Test details Duration:105 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 50 (50%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees : Rs.1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only

9. Derivatives Market (Dealers) Module (DMDM)Objectives : To learn the basics of the derivatives market To understand the use of derivative products in speculating, hedging and arbitraging To learn the trading, clearing, settlement and risk management in equity derivatives To learn the regulatory, accounting and taxation issues relating to equity derivatives.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 3 years from the test date. Fees 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

10. FIMMDA-NSE Debt Market (Basic) ModuleObjectives : To understand the fundamental features of debt instruments. To understand the trading of the debt instruments on the NSE-WDM Segment. To know the regulatory and procedural aspects related to debt market. To learn the concepts of bond valuation, yield curve, bootstrapping and duration

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees - 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

11. NSDL-Depository Operations ModuleObjectives : To understand the rationale for a depository. To know about the services provided by a depository. To understand the processes involved in a depository's functioning. To understand the NSDL application software.

Test details Duration: 75 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 60 (60%). There is negative marking for incorrect answers. Candidates securing 80% or more marks in NSDL-Depository operations module only will be certified as 'TRAINERS'. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees : 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

12. Investment Analysis and Portfolio Management To have a practical orientation towards the principles of investment, pricing and valuation" To learn the various methodologies of financial analysis "

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 60 (60%); There is negative marking for incorrect answers." Certificate validity: For successful candidates, certificates are valid for 5 years from the test date." Fees - 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

13. Fundamental Analysis Module To have a basic understanding about fundamental analysis . To learn the various valuation methodologies

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees - 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

14. Financial Markets (Advanced) Module To have a comprehensive and broad based knowledge about the financial markets. To get acquainted with various products, players and functioning of financial markets.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees - 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

15. Securities Market (Advanced) Module To have a comprehensive and broad based knowledge about the securities markets. To get acquainted with various securities markets products, rules and regulations.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees - 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

16. Mutual Funds (Advanced) Module To have a comprehensive and broad based knowledge about the mutual fund industry. To get acquainted with mutual fund operations, valuation of investments by mutual fund schemes, mutual fund accounting and rules & regulations.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees - 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

17. Banking Sector Module have a basic understanding about banking operations To get acquainted with various banking related services.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees - 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

18. Insurance Module To have a basic understanding about the concept of insurance To learn about the various types of insurance, fundamentals of risk management, insurance contracts and principles etc.

Test details Duration: 120 minutes No. of questions: 60 Maximum marks: 100 Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date. Fees - 1,686/- (Rupees One Thousand Six Hundred and Eighty Six Only).

19. Macroeconomics for Financial Markets Module To have a basic understan...

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