FIMCIR/2014-15/20 August 13th, 2014 To All FIMMDA Members/ Non Members Dear Sir / Madam, Training Program Valuation of Debt Securities 11.09.2013 12.09.2013 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 September 11 th September 12 th, 2014. 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. 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. 18000 + 12.36% (service tax) : Non Members : Rs. 19000 + 12.36% (service tax) As per I.T. rules, Circular no.01/2014 dated 13.01.2014, please do not deduct TDS on Service tax Component. Period : September 11 th September 12 th, 2014. Timing : 10.00 am to 5.00 pm including lunch break Course Coordinator: Deepika Rathod
Venue : Astoria Hotel, First Floor (ZEST) Churchgate Reclamation, Jamshedji Tata Road, Mumbai-400 020 Ph no: 66541234/22871211 A tentative time - table (Annexure I) of the course is enclosed for your perusal. If you have any suggestions on the contents, you may forward the same. IMPORTANT CONDITIONS: The registrations will be confirmed only on receipt of the payment along with the registration form. 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 25 trainees on a first come first served basis. Contact Details: Phone No. : 022 2201 7089 / 91 / 94 E-mail Id : training@fimmda.org Fax No. : 022 2201 7095 Yours faithfully, D.V.S.S.V Prasad Chief Executive Officer Encls: Registration Form
REGISTRATION FORM (11 th & 12 th September, 2013) Regd. Office: The International 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 E-mail ID AUTHORISED SIGNATORY: Date: UTR NO: Offline Cheque /Demand Draft in Favor of FIMMDA Online Account No 30782076282 Name of Bank & Address IFSC CODE State Bank of India International Post Box No. 11 179, 16, Maharshi Karve Road,. SBIN0001821 Date: Payment to be made along with registration form.
Debt Securities/Investments Valuation Bond Mathematics (Annexure 1) Valuation of Debt Securities Course Structure (Duration 2 days) 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)
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 Exchanges Liquidity Issues
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