INTRODUCTION FORWARD CONTRACT CURRENCY FORWORD … · unit chapter name unit - 1 introduction unit – 2 forward contract unit – 3 currency forword unit – 4 futures unit – 5

SubjectName:Commodity&FinancialDerivatives SubjectCode:MBA515 PaperCode:CFM/M

DIRECTORATEOFDISTANCEEDUCATION

INTEGRALUNIVERSITY,LUCKNOW

SubjectName:Commodity&FinancialDerivatives SubjectCode:MBA515 PaperCode:CFM

(W.e.f.JULY2016Session)

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UNIT ChapterName

Unit-1 INTRODUCTION

Unit–2 FORWARD CONTRACT

Unit–3 CURRENCY FORWORD

Unit–4 FUTURES

Unit–5 PRICING OF FUTURES

Unit–6 COMMODITY FUTURES

Unit–7 CURRENCY FUTURE

Unit–8 STOCK FUTURES

Unit–9 INDEX FUTURE

Unit–10 INTEREST RATE FUTURES

Unit–11 STOCK OPTION

Unit–12 CURRENCY OPTIONS

Unit–13 OPTION PRICING

Unit–14 FINANCIAL SWAPS

Unit–15 INTERNATIONAL ACQUISITIONS


Commodity & Financial Derivatives

UNIT-01 INTRODUCTION

Derivative

Collateralized Debt Obligation

Credit Default Swap

Forwards

Futures

Mortgage-Backed Securities

Options

Swaps

Basics

Mechanics And Valuation Basics

Hedging

Derivatives Traders At The Chicago Board Of Trade

Speculation And Arbitrage

Proportion Used For Hedging And Speculation

Common Derivative Contract Types

Economic Function Of The Derivative Market

Market And Arbitrage-Free Prices

Determining The Market Price

Determining The Arbitrage-Free Price

Financial Reform And Government Regulation

Country Leaders At The 2009 G-20 Pittsburgh Summit

Reporting

Review Questions

Further Readings

UNIT-02 FORWARD CONTRACT

Introduction

Payoffs

Spot–Forward Parity

Rational Pricing

Advantages And Disadvantages Of Forward Contracts

Review Questions

Further Readings

UNIT-03 CURRENCY FORWORD

Introduction

Retail exchange market


Quotations

Exchange rate regime

Fluctuations in exchange rates

Purchasing power of currency

Bilateral vs. effective exchange rate

Uncovered interest rate parity

Balance of payments model

Asset market model

Manipulation of exchange rates

Spot Market and Forward Market

Difference between Fixed vs. Flexible Exchange Rate System

Forecasting future spot exchange rates

Foreign exchange risk

Types of exposure

Measurement

Value at Risk

Option forwards deals

Currency forwards and banks

Purchase and Sale of Spot Foreign Exchange

Application Qualifications

Review Questions

Further Readings

UNIT-04 FUTURES

Introduction

Origin

Risk Mitigation

Margin

Settlement - Physical versus Cash-Settled Futures

Pricing

Arbitrage Arguments

Pricing Via Expectation

Relationship Between Arbitrage Arguments And Expectation

Exchanges

Features of Futures Contracts

Uses of Future

Review Questions

Further Readings


UNIT-05 PRICING OF FUTURES Introduction

Spreads

Spot Price

Why It Matters

Arbitrage

Arbitrage-Free

Arbitrage-Free Pricing Approach For Bonds

Conditions for Arbitrage

Price Convergence

Risks

Execution Risk

Mismatch

Counterparty Risk

Types of Arbitrage

Depository Receipts

Private to Public Equities

Regulatory Arbitrage

Telecom Arbitrage

The Fall of Long-Term Capital Management

Review Questions

Further Readings

UNIT-06 COMMODITY FUTURES

Introduction

Multi Commodity Exchange

Commodity Futures Trading Commission

Responsibilities

Over-the-counter derivatives

Foreign Exchange rates

Regulating digital currencies

Forward Markets Commission (India)

Development of the Industry

Role of exchange in hedging

Investment Characteristics

The Gold Standard

Review Questions

Further Readings


UNIT-07 CURRENCY FUTURE

Introduction

Hedging

Speculation

Clearing house

Clearing of securities

Clearing of derivatives

Over-the-counter derivatives

Comparison

Forward Markets and Contracts: Settlement

Procedures

Procedures for Settling a Forward Contract at

Expiration

Uses of Currency Futures

Speculation with currency futures

Speculation with currency futures

Review Questions

Further Readings

UNIT-08 STOCK FUTURES Introduction

Uses

Review Questions

Further Readings

UNIT-09 INDEX FUTURE

Introduction

Stock indices

Types of indices

Global Index.

Weighting

Criticism of capitalization-weighting

Indices and passive investment management

Ethical stock market indices

BSE SENSEX

National Stock Exchange of India

Interest Rate Futures

Financial Literacy

NSE Vs Money life

Stock indices in other countries


The Futures Trade Process

Sell call options on E-mini S&P futures

Review Questions

Further Readings

UNIT-10 INTEREST RATE FUTURES

Introduction

STIRS

Index Futures Trading and Spot Price Volatility

Cheapest to Deliver Bond

Determining the Futures Price

Review Questions

Further Readings

UNIT-11 STOCK OPTION

Introduction

Option Contract Specifications

Trading In Call Options

Value of A Call

Selling Call Options

Put Option

Selling Put Options

Different Uses of Options

Review Questions

Further Readings

UNIT-12 CURRENCY OPTIONS

Terms

Valuation: the Garman–Kohlhagen model

Risk management

American Vs. European Options

Cash Settlement

Combinations of Options

Exotic Options

Barriers

Review Questions

Further Readings

UNIT-13 OPTION PRICING

Introduction

Black-schools Model of option pricing

The Black-Scholes pricing formula for call options.


Binomial model of option pricing

Review Questions

Further Readings

UNIT-14 FINANCIAL SWAPS

Introduction

Swap market

Types of swaps

Using bond prices

Interest rate swaps

Fixed-for-floating rate swap, different currencies

Other variations

Further information: Rational pricing § Swaps

Currency swap

Review Questions

Further Readings

SubjectName:INVESTMENTMANAGEMENTSubjectCode:MBA516 PaperCode:IM





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UNIT ChapterName

Unit-1 INVESTMENT MANAGEMENT

Unit–2 THE STOCK MARKET IN INDIA

Unit–3 THE SECURITIES CONTRACTS ACT 1956

Unit–4 LISTING OF SECURITIES

Unit–5 NEW ISSUE MARKET

Unit–6 BROKERAGE BUSINESS

Unit–7 PORTFOLIO MANAGEMENT

Unit–8 BONDS

Unit–9 PREFERENCE AND EQUITY SHARES

Unit–10 DIVIDEND POLICIES AND DECISIONS

Unit–11 GOVERNMENT SECURITIES

Unit–12 OPTIONS

Unit–13 STOCK EXCHANGE

Unit–14 FIRM’S PROFITABILITY AND FACTORS

AFFECTING

Unit–15 VALUE BASED INVESTING

Unit–16 CHARTING AND TECHNICAL ANALYSIS


Unit–17 MODERN PORTFOLIO THEORY

Unit–18 WARRANTS

Unit–19 CONVERTIBLE SECURITIES

Unit–20 NON-SECURITY FORM OF INVESTMENT


InvestmentManagement

UNIT-01 INVESTMENT MANAGEMENT

Introduction

Industry Scope

Key Problems of Running Such Businesses

Size of The Global Fund Management Industry

Philosophy, Process and People

Investment Managers and Portfolio Structures

Performance Measurement

Risk-Adjusted Performance Measurement

Education or Certification

Review Questions

Further Readings

UNIT-02 THE STOCK MARKET IN INDIA

Introduction

The BSE and NSE

Settlement Cycle and Trading Hours

Restrictions/Investment Ceilings

Investment Opportunities for Retail Foreign Investors

The Bottom Line

Nature and Function of the Stock Exchange of India – Explained

Stock Exchange

Review Questions

Further Readings

UNIT-03 THE SECURITIES CONTRACTS ACT 1956

Introduction

Definitions

Corporatisation

Demutualisation

Grant of recognition to stock exchanges

Offences

Review Questions

Further Readings

UNIT 04 LISTING OF SECURITIES

Introduction

Rules and guidelines for listing of securities:

Companies Act, 1956

SEBI Guidelines.


Stock Exchange guidelines

Delisting

Review Questions

Further Readings

UNIT-05 NEW ISSUE MARKET

Introduction

Dividend Distribution Dates

Look Out

Pricing

Definition of Memorandum of Association

Definition of Articles of Association

Association

Allotment of Share

Issue shares the free and easy way

Review Questions

Further Readings

UNIT-06 BROKERAGE BUSINESS

Introduction

Agency Relationships With Clients And Customers

Types Of Services That A Business Broker Can Provide

Business Brokers And Sellers Services Provided To Seller As Client

The "Listing" Contract

Brokerage Compensation

Licensing Of Business Brokers

Abstract

Why Are Mutual Funds So Popular?

SEBI (Mutual Fund) Regulations 1996

Eligibility Criteria:

Review Questions

Further Readings

UNIT-07 PORTFOLIO MANAGEMENT

Introduction

Need for Portfolio Management

Types of Portfolio Management

Who is a Portfolio Manager?

Portfolio Management Models

Financial Investment - Meaning, its Need and Different Types of Investments

Review Questions

Further Readings


UNIT-08 BONDS

Introduction

Breaking Down 'Bond'

Characteristics of Bonds

Bond Issuers

Reasons For Issuing Bonds

Bond Risks

Value a Bond

'Yield To Maturity (YTM)'

Limitations of Yield to Maturity (YTM)

Review Questions

Further Readings

UNIT-09 PREFERENCE AND EQUITY SHARES

Introduction

Preference Shares

Equity Shares

Review Questions

Further Readings

UNIT-10 DIVIDEND POLICIES AND DECISIONS

Introduction

Relevance of dividend policy

Walter's model

Gordon's Model

Irrelevance of dividend policy

Dividend provisions under the companies act , 1956.

Secretarial Points For Dividend

Declaration

Review Questions

Further Readings

UNIT-11 GOVERNMENT SECURITIES

Introduction

Debt Obligations of The Government of India

The Yield Curve: What it is and How it Works

The Steep Yield Curve

Review Questions

Further Readings


UNIT-12 OPTIONS

Introduction

Payoff from buying a call.

Payoff from writing a call.

Review Questions

Further Readings

UNIT-13 STOCK EXCHANGE

Financial markets

History

Role of stock exchanges REVIEW QUESTIONS

FURTHER READINGS

UNIT-14 FIRM’S PROFITABILITY AND FACTORS

AFFECTING

Model Estimation REVIEW QUESTIONS

FURTHER READINGS

UNIT-15 VALUE BASED INVESTING

Introduction

Further evolution

Performance of value strategies

Performance of value investors

Well-known value investors

Review Questions

Further Readings

UNIT-16 CHARTING AND TECHNICAL ANALYSIS

Introduction

History

General description

Characteristics

Principles

Prices move in trends

Industry

Systematic trading

Back testing

Empirical evidence

Efficient market hypothesis


Random walk hypothesis

Ticker-tape reading

Quotation board

Charting terms and indicators

Types of charts

Overlays

Breadth indicators

Price-based indicators

Review Questions

Further Readings

UNIT-17 MODERN PORTFOLIO THEORY

Introduction

History

Mathematical model

Risk and expected return

Efficient frontier with no risk-free asset

Two mutual fund theorem

Risk-free asset and the capital allocation line

Asset pricing

Systematic risk and specific risk

Capital asset pricing model

Poor model

Effect on asset prices

Project portfolios and other "non-financial" assets

Comparison with arbitrage pricing theory

Review Questions

Further Readings

UNIT-18 WARRANTS

Introduction

Types of Warrants

Characteristics of a Warrant

Investing in Warrants

A Bittersweet Stock Jump

The Factors That Influence Warrant Prices

Review Questions

Further Readings

UNIT-19 CONVERTIBLE SECURITIES

Introduction


Review Questions

Further Readings

UNIT-20 NON-SECURITY FORM OF INVESTMENT

Introduction

Efficient market theory

Historical background

EMH Anomalies and Rejection of the CAPM

Joint hypothesis problem

Theoretical background

Weak-form efficiency

Economic bubbles and irrational exuberance

Daniel Kahneman

View of some economists

Review Questions

Further Readings

SubjectName:INTERNATIONALFINANCIALMARKETANDINDIA

SubjectCode:MBA517 PaperCode:IFMI



SubjectName:INTERNATIONALFINANCIALMARKETANDINDIASubjectCode:MBA517 PaperCode:IFMI


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UNIT ChapterName

Unit-1 SOURCES OF INTERNATIONAL FINANCE

Unit–2INTERNATIONAL MONETARY FUND AND FINANCIAL

SYSTEM

Unit–3NEW STRATEGIES FOR DEALING WITH THE

INSTABILITY OF FINANCIAL MARKETS

Unit–4THE WAYS FINANCIAL MARKETS WORK AND THE

IMPLICATIONS FOR MORE EFFECTIVE SUPERVISION

Unit–5NATIONAL AND REGIONAL RESPONSES TO THE

INSTABILITY OF FINANCIAL MARKETS

Unit–6 GAPS IN THE INTERNATIONAL INSTITUTIONAL

FRAMEWORK



InternationalFinancialMarketandIndia

UNIT-1 SOURCES OF INTERNATIONAL FINANCE

Introduction

Need For Foreign Capital

Official Foreign Source of Finance

Non Official Foreign Source of Finance

NRI Investments in India

FCCB GDR ADR

Forward (Interest) Rate Agreements – FRAS

Interest Rate Guarantees (IRG)

Exposures in International Finance

Theory of Purchasing Power Parity (PPP)

Theory of Interest Rate Parity

Foreign Direct Investment (FDI)

Factors That Attracts FDIS in India

Review Questions

Further Readings

UNIT-2 INTERNATIONAL MONETARY FUND AND

FINANCIAL SYSTEM

Introduction

Motives for World Trade and Foreign Investment

World Trade Bodies

Trade-Related Investment Measures (TRIMS)

Trade Related Aspects of Intellectual Property Rights (TRIPS)

Trading Blocs; Types of Economic Cooperation

Balance of Payments

International Organizations and Accounting Standards

Concepts In Foreign Exchange Rate

The International Monetary Fund (IMF)

The European Monetary Union

Foreign Trade Terms

Letters of Credit – Documentary And Non-Documentary

Types of Credit

Documentation of Foreign Trade

The Foreign Exchange Market

The Foreign Exchange Market

International Financial Services and Insurance Important Issues And Features

What Drives The Demand For Ifs?

The Impact of Globalization on Ifs Demand And on IFCS

Projections For Revenue Potential of Mumbai As An IFC

Integration And Globalization of Financial Services :

Review Questions

Further Readings



UNIT-3 NEW STRATEGIES FOR DEALING WITH THE

INSTABILITY OF FINANCIAL MARKETS Introduction

The Supply-Side View

The Demand-Side View

Lessons for the Current Reform Debate

The Policy Implications

Exchange Rate Policies

Control of Capital Inflows

New Strategies for Dealing with the Instability of Financial Markets

Underlying Causes of Financial Instability

Strategies for Preventing Financial Crises

New Strategies for Dealing with the Instability of Financial Markets

Long-Term Versus Short-Term

Review Questions

Further Readings

UNIT-4 THE WAYS FINANCIAL MARKETS WORK AND

THE IMPLICATIONS FOR MORE EFFECTIVE

SUPERVISION Introduction

In the Interests of Safety

A World of Dynamic Hedging


Central Banks Are the Source of Moral Hazard


The Ways Financial Markets Work and the Implications for More Effective Supervision

Differences in Capital Flows in Developed as Opposed to Developing Countries

Liberalization of Capital Controls

Review Questions

Further Readings

UNIT-5 NATIONAL AND REGIONAL RESPONSES TO THE

INSTABILITY OF FINANCIAL MARKETS Introduction

The Role of Domestic Policies in Stabilizing Capital Flows in Latin America National and Regional Responses to the Instability of Financial Markets

Export-Led Growth

The Asian Miracle

Hungarian Policies and Contagion

Chilean Capital Controls

Peru, Mexico and the Lessons from Asia’s Crisis

Review Questions

Further Readings



UNIT-6 GAPS IN THE INTERNATIONAL INSTITUTIONAL

FRAMEWORK Introduction

Improved Transparency and Information

International Measures

The Financial Stability Forum

Filling Regulatory Gaps

Provision of Official Liquidity in Times of Crisis

The Role of Private Sector Involvement in Preventing and Resolving Crises

Amending Sovereign Bond Clauses

Debt Standstills and Orderly Debt Workout Procedures

Towards a Better Financial Architecture

Towards a Better Financial Architecture

Gaps in the International Institutional Framework”

Alternative Ways to Solve Liquidity Problems

Review Questions

Further Readings

SubjectName:INSURANCEANDRISKMANAGEMENT

SubjectCode:MBA518 PaperCode:IRM






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UNIT ChapterName

Unit-1THE NATURE OF RISK: LOSSES AND

OPPORTUNITIES

Unit–2 RISK MEASUREMENT AND METRICS

Unit–3RISK ATTITUDES: EXPECTED UTILITY

THEORY AND DEMAND FOR HEDGING

Unit–4EVOLVING RISK MANAGEMENT:

FUNDAMENTAL TOOLS

Unit–5

THE EVOLUTION OF RISK

MANAGEMENT

Unit–6 THE INSURANCE SOLUTION AND

INSTITUTIONS

Unit–7 INSURANCE OPERATIONS

Unit–8 INSURANCE MARKETS AND

REGULATION

Unit–9 FUNDAMENTAL DOCTRINES

AFFECTING INSURANCE CONTRACTS

Unit–10 STRUCTURE AND ANALYSIS OF

INSURANCE CONTRACTS

Unit–11 PROPERTY RISK MANAGEMENT

Unit–12 THE LIABILITY RISK MANAGEMENT



InsuranceandRiskManagementUNIT-01 THE NATURE OF RISK: LOSSES AND

OPPORTUNITIES

Introduction

The Notion and Definition of Risk

Risk as a Consequence of Uncertainty

The Role of Risk in Decision Making

Definitions of Risk

Attitudes toward Risks

Feelings Associated with Risk

Types of Risks—Risk Exposures

Personal Loss Exposures—Personal Pure Risk

The Risks of E-exposures

Risks in the New Millennium

Perils and Hazards

Physical Hazards

Intangible Hazards

Review Questions

Further Readings

UNIT-02 RISK MEASUREMENT AND METRICS

Introduction

Quantification of Uncertainty via Probability Models

Frequency and Probability

Measures of Outcome Value: Severity of Loss, Value

of Gain

Combining Probability and Outcome Value Together

to Get an Overall Assessment of the Impact of an Uncertain Endeavor

Measures of Risk: Putting It Together

The Range

Variance and Standard Deviation

The Semi-variance

Review Questions

Further Readings

UNIT-03 RISK ATTITUDES: EXPECTED UTILITY THEORY

AND DEMAND FOR HEDGING

Introduction

Utility Theory

Uncertainty, Expected Value, and Fair Games

Choice under Uncertainty: Expected Utility Theory

Biases Affecting Choice under Uncertainty

Risk Aversion and Price of Hedging Risk

Information Asymmetry Problem in Economics

Why Corporations Hedge

Review Questions

Further Readings



UNIT-04 EVOLVING RISK MANAGEMENT: FUNDAMENTAL

TOOLS

Introduction

The Risk Management Function

Beginning Steps: Communication and Identification

Risk Profiling

Risk Mapping: Creating the Model

Risk Identification and Estimates of Frequency and Severity

Projected Frequency and Severity and Cost-Benefit

Analysis—Capital Budgeting

Risk Management Alternatives:

Comparisons to Current Risk-Handling Methods

Review Questions

Further Readings

UNIT-05 THE EVOLUTION OF RISK MANAGEMENT

Introduction

Enterprise Risk Management within Firm Goals

How Risk Managers Can Maximize Values

Risk Management and the Firm’s Financial Statement—

Opportunities within the ERM

Financial Firm—An Insurer

Risk Management Using the Capital Markets

Forward/Future Purchase

Swaps

Options

Securitization

Interest Rate Risk

Swaps as a Tool

Review Questions

Further Readings

UNIT-06 THE INSURANCE SOLUTION AND INSTITUTIONS

Introduction

Nature of Insurance

Transfer

Risk Pooling (Loss Sharing)

Ideal Requisites for Insurability

Mass

Similarity

Types of Insurance and Insurers

Mutual Insurers

State Insuring Organizations

Federal Insuring Organizations

More Exposures, Less Risk

Review Questions

Further Readings



UNIT-07 INSURANCE OPERATIONS

Introduction

General Agency System

Managerial (Branch Office) System

Property/Casualty Insurance Marketing

Direct Writers and Exclusive Agents

Brokers

Internet Marketing

Financial Planners

Professionalism in Marketing

Property/Casualty Lines—Loss Development

Catastrophe (Cat) Modeling

Life and Annuity Lines

Mortality Curve

Reinsurance Works

Benefits of Reinsurance

Claim Practices

Review Questions

Further Readings

UNIT-08 INSURANCE MARKETS AND REGULATION

Introduction

Insurance Market Conditions

Life/Health Market Conditions

Insurance Regulation

Investment Requirements

Unfair Practices

Review Questions

Further Readings

UNIT-09 FUNDAMENTAL DOCTRINES AFFECTING

INSURANCE CONTRACTS

Introduction

Agency Law: Application to Insurance

Binding Authority

Waiver and Estoppel

Agency by Estoppel

Requirements of a Contract

Distinguishing Characteristics of Insurance Contracts

Representations

Concealment

Insurable Interest

When Insurable Interest Must Exist

Extent to which Insurable Interest Limits Payment

Subrogation

Actual Cash Value

Other Insurance Provisions

Review Questions

Further Readings



UNIT-10 STRUCTURE AND ANALYSIS OF INSURANCE

CONTRACTS

Introduction

Entering Into the Contract

The Contract

Period of Coverage

Limitations of Liability

Retained Losses

Variation in Insuring Clauses

Open-Perils versus Named-Perils

Exposures to Loss

Notice and Proof of Loss

Suspension of Coverage

Cooperation of the Insured

Protection of Property after Loss

Review Questions

Further Readings

UNIT-11 PROPERTY RISK MANAGEMENT

Introduction

Property Risks

General Property Coverage

Valuation Clause

Coinsurance

E-Commerce Property Risks

Hardware and Software Thefts

Technological Changes

Trademarks Infringements

Internet-Based Telephony Crimes

E-Commerce Property Insurance

Review Questions

Further Readings

UNIT-12 THE LIABILITY RISK MANAGEMENT

Introduction

Nature of the Liability Exposure

Defenses

Modifications

Major Sources of Liability

Tenant’s Liability to the Public

Tenant’s Liability to Owner

Attractive Nuisance

Hazardous Waste

Automobile Liability

Professional Liability

Directors and Officers

Medical Malpractice

Operations



E-Commerce Liability

Product Manufacture

Breach of Warranty

Completed Operations

Possible Solutions

Review Questions

Further Readings

SubjectName:MUTUALFUNDSPRODUCTSANDSERVICES SubjectCode:MBA519 PaperCode:MFPS



SubjectName:MUTUALFUNDSPRODUCTSANDSERVICES

SubjectCode:MBA519 PaperCode:MFPS


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UNIT ChapterName

Unit-1 CONCEPT AND ROLE OF MUTUAL FUND

Unit–2 MUTUAL FUNDS INDUSTRY

Unit–3ORGANIZATION STRUCTURE OF

MUTUAL INDUSTRY

Unit–4 PORTFOLIO MANAGEMENT

Unit–5PERFORMANCE EVALUATION OF

MUTUAL FUNDS

Unit–6 DEVELOPING MODEL PORTFOLIO FOR

INVESTORS


MutualFundsProductsandServices

UNIT-1 CONCEPT AND ROLE OF MUTUAL FUND

Mutual fund Structure Advantages and disadvantages History Open-end funds Unit investment trusts Exchange-traded funds Investments and classification Money market funds Index (passively managed) versus actively managed Distribution charges Average annual total return Objective of Mutual Fund Capital Preservation Concepts of Mutual Funds Different Types and Kinds of Mutual Funds Evaluate Your Risk Appetite Mutual Funds vs. Stocks: Which is best for Your Investing Style? Review Question Further Readings

UNIT-2 MUTUAL FUNDS INDUSTRY

Introduction History Of Mutual Funds: The Mutual Fund Industry In India: Origin and Growth of Mutual Funds Legal and Regulatory Environment Regulatory Bodies/ Agencies Investors’ Rights and Service Standard Organization Structure Of Mutual Funds Origin of Mutual Fund In India Growth of Mutual Funds In India Classification by Investment Objectives Advantages of Mutual Funds Disadvantages of Mutual Funs Role of SEBI Role of AMFI Review Question Further Readings

UNIT-3 ORGANIZATION STRUCTURE OF MUTUAL

INDUSTRY

Introduction Mutual Funds: Structure in India


Sponsor Obligations of Trustees Regulation Regarding Responsibilities of Trustees Asset Management Company Role of AMC Restrictions on Business Responsibility of Custodian Portfolio Turnover Review Question Further Readings

UNIT-4 PORTFOLIO MANAGEMENT

Introduction How—Exactly—The $1.00 NAV Works Trading Like Water Money Market Fund Holdings Holdings in Tax-Exempt Funds Putting It All Together: Managing A Money Market Fund

Portfolio Management Money Market Funds And The financial System Review Question Further Readings

UNIT-5 PERFORMANCE EVALUATION OF MUTUAL

FUNDS

Introduction Theoretical Frame Work Ratios Used To Measure Performance Performance Appraisal Of Mutual Funds In India Risk And Return Analysis Particulars Of Selected Sample Schemes Analysis Of Performance Findings And Conclusion Standard Deviation-Analysis Valuation And Cost Of Investing In Mutual Funds Net Asset Value (NAV) Expenses And Cost Of Investing In Mutual Funds Review Question Further Readings

UNIT-6 DEVELOPING MODEL PORTFOLIO FOR

INVESTORS

Introduction A Model Presentation Review Question Further Readings

SubjectName:INTERNATIONALFINANCIALMANAGEMENT SubjectCode:MBA514 PaperCode:IFM/M



SubjectName:INDIANCAPITALMARKETANDFINANCIALSYSTEM SubjectCode:MBA520 PaperCode:ICMFS


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UNIT ChapterName

Unit-1OVERVIEW- INDIA'S FINANCIAL

SYSTEM

Unit–2THE INSTITUTIONAL ENVIRONMENT IN

INDIA – AN ASSESSMENT

Unit–3 CAPITAL MARKETS

Unit–4 RECENT FII FLOWS TO INDIA

Unit–5 BANKING SECTOR

Unit–6 CORPORATE GOVERNANCE

Unit–7 MICROFINANCE IN INDIA

Unit–8 ISSUES FOR RESEARCH


IndianCapitalMarketandFinancialSystem

UNIT-1 OVERVIEW- INDIA'S FINANCIAL SYSTEM

Introduction

The Indian Economy -- A Brief History

Indian Economy and Financial Markets since

Liberalization The Domestic Economy

The External Sector and the Outside World

The Financial Sector

The Financial Sector

Review Questions

Further Readings

UNIT-2 THE INSTITUTIONAL ENVIRONMENT IN INDIA –

AN ASSESSMENT

Law, Institutions and Business Environment Financial/Business Laws and Regulations in India

Stock Exchanges in India

Enforcing Corporate Governance Laws

Indian Courts – an assessment

The Small and Medium Enterprises (SME) sector in India

Review Questions

Further Readings

UNIT-3 CAPITAL MARKETS

Introduction

Institutional Features

Debt Market

Derivatives Market

Review Questions

Further Readings

UNIT-4 RECENT FII FLOWS TO INDIA

Recent FII flows

Review Questions

Further Readings

UNIT-5 BANKING SECTOR

Banking Sector

Review Questions

Further Readings

UNIT-6 CORPORATE GOVERNANCE

Corporate Governance

Corporate Governance in India – a historical background

Recent Developments in Corporate Governance in India

Clause 49 of the Listing Agreements


Recent findings about corporate governance in India

Review Questions

Further Readings

UNIT-7 MICROFINANCE IN INDIA

Introduction

Outreach and recent growth

The performance of the larger MFIs in India

Review Questions

Further Readings

UNIT -8 FINANCING OF MFIS IN INDIA

Commercial Banks

Venture Capital Funds

The Regulatory Environment

Review Questions

Further Readings

UNIT -9 EMERGING ISSUES FOR RESEARCH

Introduction

Review Questions

Further Readings

SubjectName:PROJECTFINANCEANDMANAGEMENTSubjectCode:MBA521 PaperCode:PFM





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UNIT ChapterName

Unit-1INTRODUCTION TO THE THEORY AND PRACTICE OF

PROJECT FINANCE

Unit–2THE MARKET FOR PROJECT FINANCE:

APPLICATIONS AND SECTORS

Unit–3PROJECT CHARACTERISTICS, RISK ANALYSIS, AND

RISK MANAGEMENT

Unit–4THE ROLE OF ADVISORS IN A PROJECT FINANCE

DEAL

Unit–5VALUING THE PROJECT AND PROJECT CASH FLOW

ANALYSIS

Unit–6 FINANCING THE DEAL

Unit–7 LEGAL ASPECTS OF PROJECT FINANCE

Unit–8 CREDIT RISK IN PROJECT FINANCE TRANSACTIONS

AND THE NEW BASEL CAPITAL ACCORD


ProjectFinanceandManagement

UNIT -1 INTRODUCTION TO THE THEORY AND PRACTICE

OF PROJECT FINANCE

Introduction

Who Are the Sponsors of a Project Finance Deal?

Public Sponsors with Social Welfare Goals

Contractor/Sponsors Who Develop, Build, or Run the Plant

The ‘‘Purely’’ Financial Investor

The Contractor and the Turnkey Construction Contract (TKCC)

Purchasers and Sales Agreements

Suppliers and Raw Material Supply Agreements (RMSAs)

Project Finance as a Risk Management Technique

Conflicts of Interest Between Sponsors and Lenders and Wealth Expropriation

Review Questions

Further Readings

UNIT -2 THE MARKET FOR PROJECT FINANCE:

APPLICATIONS AND SECTORS

Introduction

Historical Evolution of Project Finance and Market Segments

The Global Project Finance Market

PPP Development

Review Questions

Further Readings

UNIT -3 PROJECT CHARACTERISTICS, RISK ANALYSIS,

AND RISK MANAGEMENT

Introduction

Identifying Project Risks

Construction Risk or Completion Risk

Post-completion Phase Risks

Exchange Rate Risk

Environmental Risk

Allocation of Construction Risk:

Allocation of Supply Risk: Put-or-Pay Agreement

Off take Contracts in the Power Sector

Summary of the Risk Management Process

Review Questions

Further Readings


UNIT -4 THE ROLE OF ADVISORS IN A PROJECT FINANCE

DEAL

Introduction

The Role of Legal Advisors in Project Finance Deals

Project Financing Development Stages and Impacts on the Role of Legal Advisors

Syndicating the Financing

The Operating Period: Maintenance of the Project Financing

The Role of the Independent Engineer in Project Finance Deals

Initial Due Diligence Reporting

Documents Produced During the Due Diligence Activity Phase

Monitoring Realization of the Project

Monitoring Construction of the Works

Issuing Progress Reports

Monitoring the Testing Phase

Validation of the Final Acceptance Certificate (FAC)

Role of Insurance Advisors and Insurance Companies in Project Finance Deals

Rationale for Using Insurance in Project Finance Deals

Preliminary Insurance Report Phase

The Most Problematic Areas

Types of Conventional and Financial Insurance

Bonding

Classification of Insurance Underwriters

Review Questions

Further Readings

UNIT -5 VALUING THE PROJECT AND PROJECT CASH

FLOW ANALYSIS

Introduction

Analysis of Operating Cash Flows and Their Behavior in Different Project Life-Cycle

Phases

Inputs for Calculating Cash Flows

The Timing of the Investment

Initial Investment Cost

Value-Added Tax

Public Grants

Trends in Working Capital

Macroeconomic Variables

Defining the Optimal Capital Structure for the Deal

Senior Debt

VAT Facility

Stand-by Facility


Identifying Sustainable Debt/Equity Mixes

Operating cash flow > Debt service

Optimal Capital Structure for Lenders

Cover Ratios

Debt Service Cover Ratio (DSCR)

Loan Life Cover Ratio (LLCR)

Review Questions

Further Readings

UNIT -6 FINANCING THE DEAL

Introduction

Advisory and Arranging Activities for Project Finance Funding

Fee Structure

International Financial Institutions and Multilateral Banks

Bilateral Agencies: Developmental Agencies and Export Credit Agencies (ECAs)

Financing Activity

Insurance Activity

Other Financial Intermediaries Involved in Project Finance

Soft Refinancing (Waiver)

Takeover solution.

Project Leasing

The Tax Effect

Project Bonds

Investors in Project Bonds

Various Categories of Project Bonds

Target Investors

Capital and Interest Payment Guarantees

Procedure for Issuing Project Bonds

Review Questions

Further Readings

UNIT -7 LEGAL ASPECTS OF PROJECT FINANCE

Introduction

The Project Company

Defensive Reasons And Positive Reasons

Outsourcing the Corporate Functions of the Project

The Contract Structure

The Term Sheet

Classification of Project Documents

The Credit Agreement

Representations


Negative Covenants:

Role of the Agent

Security on the Project Company’s Receivables

Enforcing Security Interest and Lenders’ Step-in

Rights

Operations and Maintenance (O&M) Agreement

Refinancing Project Finance Deals

Review Questions

Further Readings

UNIT -8 CREDIT RISK IN PROJECT FINANCE

TRANSACTIONS AND THE NEW BASEL CAPITAL

ACCORD

Introduction

The Basel Committee’s Position on Structured

Classes of Transactions Included in Specialized

Lending

Rating Criteria for Specialized Lending and Their

Strength of Sponsors

Effects of the Basel Proposal on the Syndicated Project

Introduction to the Concepts of Expected Loss,

Modelling the Project Cash Flows

Defining Project Value in the Event of Default

LGD Drivers

Review Questions

Further Readings