Interest Rates and Time Value Of Money
Introduction; Factors affecting the level of interest rate; Impact and classification of
interest rate and Present value, Future value and Discount factor
Money and Fixed Income Markets
Money markets and fixed income markets.
Introduction to and Characteristics of Bonds; Concept of yield; Relationship
between bond price and interest rate; Repo and cost of funding and other bond
Interest Rate Derivatives
OTC Derivatives; Exchange traded contracts and key terminology of futures market.
Interest Rate Futures (IRF) in India
Interest rate futures; Rationale; Contract specifications; Settlement and Risk Management.
An Explanation of Key Concepts in IRF
Why a notional bond is being used as underlying; Conversion factor; Invoice price;
Cheapest to deliver bond; Bond basis.
Applications and Trading of Interest Rate Futures
Participants in the IRF market; hedging applications of interest rate derivatives;
Speculation and Arbitrage strategy.
Duration of the Course:
Why not try before you buy?
Is it for me?
It’s designed to help Students Day traders, Investors , Sub-brokers, stock Brokers, Relationship Managers, Traders, Consultants etc
Is there an exam?
At the end of the training is a NISM Series VIII Schedule optional Exam which will seek to create a knowledge benchmark in case you want to be associated with any recognized stock exchange.