INTERNATIONAL PROGRAMME ON SECURITIES MARKET OPERATIONS

Date: 20 - 24 October, 2008

Timing: 10.00 am to 6.00 pm

Venue: Bombay Stock Exchange Ltd., BSE Training Institute, Mumbai, India

Contact: Tel. 0091 22 – 2272 1233/34, 0091 22-2272 1127

 Ext.8175, 8197, 8303   Fax: 0091 22- 2272 3250

Course Fee: US$ 2800
(Includes accommodation on single room occupancy in a reputed hotel, airport pick up & drop facility, local Transport, study material, tuition fees, refreshments & lunch, study visits and site seeing)

Discounts: 10% for two registrations and more.

Registration: Use enclosed format with payment details.

Last Date for Registration: 24 September 2008

Key Contacts: training@bseindia.com

Vispi Rusi Bhathena, Manager

Piyush Shelat, Deputy Manager

Roy Aranha, Deputy Manager

Content:

1.       Products on Stock Exchanges: Equity / Stock Markets, Basket Trading, Derivatives, Debt Markets- Retail and Wholesale, Interest Rate Futures, Exchange Traded Funds, Mutual Funds (Close Ended).

2.       Primary Markets: Contents of Prospectus-Red Herring, IPO Process, Fixed Price Method, Book Building Process.

3.       Indices: Indexing Concept, Global and Indian Indexing Scenario, Active v/s Passive Debate, Index Based Products.

4.       Stock Markets Functioning: Concept of Brokers, Sub-Brokers & Remisiers, Trade Transaction Flow, Listing Procedure, Categories of Scripts: Large, Medium & Small.

5.       Trading Mechanism: Membership Requirement, Trading Clearing & Settlement Procedure- Rolling Settlement, Pay-in, Pay-out Schedule Contract Note Specifications, Auction Mechanism, Demo of the Trading Screen, Emerging Issues: Margin Trading & Borrowing and Lending of Securities.

6.       Risk Management System: Capital Adequacy Requirements, Intra day Trading limits, Gross Exposure Limit, Margining Procedure.

7.       Dematerialisation of Shares and Depositories: Introduction to the Concept, Beneficial & Registered Owner, Role of Depositories, Dematerialisation Procedure, Advantages.

8.       Surveillance: Objective of Surveillance, Procedures involved in Position Monitoring of Brokers, Price Monitoring & Investigations Procedures, Scrip Wise Circuit Filters, Market Wide Circuit Breakers, Money Laundering

9.       Derivatives Markets: Introduction to Options and Futures, Explanation of Market Terminologies, Pay-off Structure, Basic Trading Strategies, Weekly Options.

10.   Trading Mechanism in Derivatives Markets: Membership Requirements, Trading, Clearing and Settlement Procedure, Risk Management, Margining Mechanism Demonstration of the Trading Screen, Accounting and Taxation.

11.   Debt Markets: Debt Products traded in Stock Exchanges, Wholesale Debt Markets, Retail Debt Markets, Trading Mechanism in Debt Markets (Wholesale/Retail Debt Markets) Membership Requirements, Trading Mechanism, Risk Management.

12.   Commodity Market & Trading Corporate Actions: Bonus, Right, Dividend, Buy Back etc., Regulations to be followed by the Corporates, Impact on the Shareholders.

13.   FII Investments: Rules, Regulations and Bylaws on: Investment in Primary Markets, Investment in Secondary Markets.

14. Investing with Masters: Life & Times of Worlds Legendary Investors.