Course Fee : Members : Rs % (service tax) : Non Members : Rs % (service tax) : am to 5.00 pm including lunch break

Transcription

1 FIMCIR/ /47 March 4th, 2013 To All FIMMDA Members/ Non Members Dear Sir / Madam, Training Program Valuation of Debt Securities FIMMDA in co-ordination with Dun & Bradstreet Information Services (India) Pvt. Ltd. is conducting a two-day training program on Valuation of Debt Securities on April 15 th & 16 th, The course is specialized in nature and is presently conducted only twice in a year. It is extremely useful to officers dealing in Mid-Office as well as in front office. It is also used for computing Price Band. The brief details of the program are as under: Program title : Valuation of Debt Securities Course handled by : Faculty from D&B Course Fee : Members : Rs % (service tax) : Non Members : Rs % (service tax) Period : April 15 th 16 th, Timing : am to 5.00 pm including lunch break Course Coordinator: Shreya Bhattacharya

2 Venue : Astoria Hotel, First Floor (ZEST) Churchgate Reclamation, Jamshedji Tata Road, Mumbai Ph no: / A tentative time - table (Annexure I) of the course is enclosed for your perusal. IMPORTANT CONDITIONS: The registrations will be confirmed only on receipt of the payment along with the registration form. Registration forms unaccompanied by physical cheques will be considered under Waiting list. Confirmation will be done on first come first serve basis subject to receipt of payment and availability of seats at the time of receipt of cheque. Please send your registration forms by mail/fax, mentioning number of candidates you are sponsoring. Due to logistic reasons, we can take only 20 trainees on a first come first served basis. Contact Details: Phone No. : / 91 / 94 Id : shreya@fimmda.org Fax No. : Yours faithfully, D.V.S.S.V Prasad Dy. Chief Executive Officer Encls: Registration Form Annexure I (Program Schedule for Valuation of Debt Securities)

3 NOTE Invoice for the training is available on the FIMMDA website under the head TRAINING. Nominating Institutions can put their participant s information in the standardized invoice. The invoice is computer generated, hence no signature is needed.

4 REGISTRATION FORM (15 th & 16April, 2013) TRAINING PROGRAMME VALUATION OF DEBT SECURITIES Organization: Office Address: Telephone Number: Fax Number: Name Details of the Participant Participant 1 Participant 2 Participant 3 Designation Department Mobile Number ID AUTHORISED SIGNATORY: Date:

5 (Annexure 1) Valuation of Debt Securities Course Structure (Duration 2 days) Debt Securities/Investments Valuation Bond Mathematics Yield to Maturity Bond Prices and Discount Factors Bond Prices, Spot and Forward Rates Deriving ZCYC & Par Yield bond Calculate forward rates from spot rates Calculate the price of a bond using discount factors, spot rates and forward rates Measures of Price Sensitivity DV01 Effective Duration, Modified duration and Macaulay duration Convexity Valuation of investments Valuation of government securities Valuation of bonds and debentures other than government securities (rated and unrated) Valuation of bonds and debentures having special features Valuation of perpetual bonds Valuation of tax free bonds Yield Curve Interpolation Term structure of Interest Rates Quadratic Splines Cubic Splines (Being used by FIMMDA and to be dealt in detail) Bootstrapping Nelson Siegel Method (Presently used by CCIL)

6 Interest Rate Swaps Introduction to Interest Rate Swaps Background, reading swap screens, market conventions, swap spreads MIBOR, MIFOR, OIS swap pricing and valuation Application of Swaps to Debt Capital Markets: Pre-issuance and post-issuance hedging STRIPS IRF Fixed Income Derivatives Interest Rate Futures as traded on NSE Liquidity Issues