1. Fixed Income Securities Market
Market Segments, Participants, Instrument Features, Trading Mechanism in NSE and Emerging Debt Markets, Bond market indices and benchmarks.
2. Regulatory and Procedural Aspects
Public Debt Act, 1944, SEBI (Guidelines for Disclosure and Investor Protection), 2000- Market Practices and Procedures.
3. Government Securities market
Bonds Issuance Process, T-Bill Auction, G-Sec Market Trends, Secondary Market Trading Process, Settlement of Trades, Role of Clearing Corporations of India Limited (CCIL), Liquidity Adjustment Facility (LAF).
4. Repo Market
Structure and Pricing, Trading Patterns, Settlement of Repo Transactions, Repo Market in India.
5. Valuation of Bonds
Yield Curve and Term structure of Interest Rates, Bootstrapping, Alternative Methods to Estimate Yield Curve, Theories of Term Structure of Interest Rates
6. Price, Yield and Interest Rate Risk
Duration, Modified Duration, Portfolio Duration, Hedging Strategy and Duration, Analysis of Bonds with Embedded Options
- Teacher: pkp KRISHNA PRASANA P