NISM in association with Eurofinance Training had conducted a 5-day Masterclass on Financial Markets during January 16-20, 2017 at NISM Campus, Patalganga.

The key objective of the programme was to provide:

     -A better and deeper understanding of the various aspects of financial markets,

    -Practical insights on the functioning of financial markets.

    -Discuss and understand how derivatives are used to reduce or assume the risk.

    -Discuss and understand contemporary issues in financial markets.

    -Hands-on experience through Simulation Lab.

The Master Trainer of the programme is Mr. Paul Kitching. He is an independent training consultant. Paul Kitching was the Strategic Development Manager at the London International Financial Futures Exchange (LIFFE), where he was responsible for the research and definition of new specialist swap and risk transfer contracts. Prior to this, he was Head of Interest Rate Product Development with responsibility for the maintenance of the existing product range and the development of new products.

Mr. Jitendra Kumar, Member of Faculty, NISM (On Deputation from SEBI), was the Programme Director.

The programme was inaugurated by Mr. G. P. Garg, Registrar, NISM.

The topics/areas covered in the programme were as under–

• Overview of the Financial Markets

• The Role of Banks as Liquidity Providers

• Overview of Money Markets

• Traditional Cash Securities

• Market Regulation for Banks

• Collateralized Borrowing & Lending: The Repo Market

• Foreign Exchange Risk Management

• Managing the Risk: The Forward and Swap FX Market

• Trading Spot & Forward FX on RiskManager™ Trading Simulation

• Corporate Finance: The Equity Market

• Trading shares and indices on RiskManager™ Trading Simulation

• Corporate Finance: Debt Securities

• Bond Analysis: Bond Prices, Yields and Yield Curves

• Introducing Derivatives

• Understanding Forwards & Futures

• Introduction to Options

The participants for the programme were from India as well as neighbouring countries, viz, Nepal & Bangladesh. Participants were from the following institutes:

1. SEBI

2. Bangladesh Institution of Capital Market (Bangladesh)

3. Universal Financial Solutions Limited (Bangladesh)

4. Bank of Kathmandu (Nepal)

5. Global IME Bank Limited (Nepal)

6. Reserve Bank of India

7. Birla SunLife Asset Management Company

8. Birla SunLife Insurance Company

9. Aditya Birla Finance Limited

10. The Karur Vysya Bank

11. IDBI Bank Ltd

12. ICICI Bank Ltd

13. HDFC Bank Limited

14. NISM

Mr. Sandip Ghose, Director, NISM delivered the valedictory address and gave Certificate of Participation at the end of the programme.