Fixed Income Securities Certification Examination
Overview Of The Indian Debt Market
- Role of the Debt Market
- Importance of Debt Markets
- The Bond Market Ecosystem
- Role of Regulators
- Role of Credit Rating Agencies
- Role of Monetary Policy in Debt Markets
- Evolution of Debt Markets
- Market Dynamics
Types Of Fixed Income Securities
- Classification of fixed income securities based on the Type of Issuer
- Classification of fixed income securities based on Maturity
- Classification of fixed income securities based on Coupon
- Classification of fixed income securities based on Currencies
- Classification of fixed income securities based on Embedded Options
- Classification of fixed income securities based on Security
- Other fixed income securities in India
Risks Associated With Investing In Fixed Income Securities
- Risks associated with fixed income securities
- Risk Mitigation Tools
Pricing Of Bonds
- Concept of “Par Value”
- Time Value of Money
- Determining Cash Flow, Yield and Price of Bonds
- Pricing of Different Bonds
- Price-Yield Relationship
- Price Time Path of a Bond
- Pricing of a Floating Rate Bond
Yield Measures And Total Return
- Understand the Sources of Return
- Traditional Yield Measures
Term Structure And Interest Rates
- Yield Curve and Term Structure
- Relationship between Spot and Forward Rates
- Determinants of the Shape of the Term Structure
Measuring Interest Rate Risk
- Price Volatility Characteristics of Option Free Bonds and Bonds with Embedded Options
- Understand the Concept of Duration
- Difference between Modified Duration and Effective Duration
- Price Value of Basis Point (PV01)
- Convexity Measure
- Modified Convexity and Effective Convexity
- Taylor’s Expansion and Its Application in Approximating Bond Price Changes
Indian Money Market
- Introduction to Money Market
- Types of Instruments in Money Market
- Trends in the Indian Money Market
- Importance of the Call Money Market
- Important Rates in the Indian Inter-Bank Call Market
Government Debt Market
- Introduction to Government Debt Market
- Types of Instruments in Government Debt Market
- Trends in the Indian G-Sec Market
- The Issuance Mechanism
- Secondary Market Infrastructure for G-Secs in India
- Clearing and Settlement of Secondary Market Trades
- G-sec Valuation in India
- Key Regulatory Guidelines for the Indian G-Sec Market
Corporate Debt Market
- The Indian Corporate Debt Market
- Types of Instruments in Corporate Debt Market
- Trends in Indian Corporate Debt Market
- Issuance Mechanism
- Secondary Market Mechanism
- Key Regulatory Guidelines for Corporate Debt Market
- Corporate Bond Valuation
- Fees (Rs.) – 1500+
- Test Duration(in minutes) – 120
- No. of Questions – 100
- Maximum Marks – 100
- Pass Marks*(%) – 60
- Certificate Validity(in years) – 3
