Folks,
Herewith I have given below the link for Batch VIII - Day 5 - Presentation made in Fast Track Webinar Series for IBBI Valuation Exam (SFA) on "FIXED INCOME SECURITIES"
FIXED INCOME SECURITIES (7 Marks) + Case Study (6 Marks) Minimum
- Types of fixed income securities: categories of fixed income securities i.e. debt and preferred stocks along with different rights attached to both categories
- Types of debt instruments: sovereign securities; state and local government bonds; semi-government/agency bonds; corporate debt securities; corporate bonds; money market securities in relation to investments (CP, CD, T-Bills); tax free securities; asset backed securities
- Terms used in fixed income securities: fixed income securities; bond indenture; issuer and holder; covenants; maturity; par value, coupon rate, clean price, dirty price; repurchase agreement; yield to maturity, yield to put, yield to call; forward rate and spot rate
- Bond duration: Macaulay duration, Modified duration, Effective duration, Key duration
- Credit rating of bonds: risk assessment and factors considered in assigning credit rating
- Embedded options for issuer and holder; call/put for repayment; cap and floor on coupon; conversion options; pre-payment options
- Derivative products: types of derivative products; calculation of swap rates; valuation of swaps; accruals on swaps
- Related Fixed Income Money Market and Derivatives Association of India circulars for Non-SLR bonds, Traded bonds, Non-traded bonds-rated, Non-traded bonds-not rated, Floating rate bonds, Staggered redemption bonds, Perpetual bonds, Deep discount bonds, Bonds with call/put options, Tax free bonds, Security receipts/Pass through certificates
- This chapter in IBBI Valuation exam carries 6 to 8 marks | FIMMDA – FAQ on Fixed Income Securities | Master Circular No. DBR No BP.BC.6 /21.04.141/2015-16, dated 1st July, 2015, FIMMDA jointly with PDAI publishes – 29/3/2019 & 31/3/2020 | Bond, Duration, Types of Bond, Bond Holder, Bond Issuer | YTM, YTC, YTP | Credit Rating, Interest Rate Derivatives
- After investing substantial amount of time and Himalayan size of Efforts, Research & Pain; this material is brought out.
- Your acknowledgement (with your name, location & contact no) in this blog by few words will be an encouragement for this Hard Work
Dr GKR Presentation Link
GKR Workbook Link
Kindly post your comments, suggestions, queries & review of the webinar session below this post. Happy Reading | Please contact Dr S Dhanapal (96770 22712) for being part of FT8 WhatsApp group.
Dr GKR
15th August 2020
Saturday
Wonderful session... as usual nice delivery of topic by a superb scholar..👏🏻
ReplyDeleteIt was nice session on Fixed Income ..Sir plan for lactures on various Ratios
ReplyDeleteThe session was just really enlightening .. I never knew that I have to look in to various regulator faq or their circular etc.. I was under the impression of reading only institutes material would suffice.....
ReplyDeleteCA M S KESHAVA
ReplyDeleteSome of the concepts in today's session were totally new to me. Never knew there are agencies beyond RBI like FIMMDA. Thanks for enlightening us on this most important topic.
Raju Sir has very unique skill of explaining complex concepts by using smart tricks and practical day-to-day examples. That makes learning enjoyable. The material, excel sheets etc. are of high quality. He and his team must have worked very hard so as to create such a high quality, curated study material. Raju Sir has got the gift of the gab. It will help even more if the duration of this lecture series is made longer, say 2 hr each day and 15 days or so.
ReplyDeleteVery nice presentation. I felt that Bond topic deserves more than one hour.
ReplyDeleteConcepts explained clearly with centric focus on exam.. thank you sir
ReplyDeleteExcellent session explaining indepth the various bonds and I never knew there were so many regulators, the various circulars and the mini case studies, the way you did and explained today is just too good Sir. Himalayan effort has gone into preparation of this content and we are really thankful and grateful to you for sharing it with us. Your classes has instilled so much confidence to face the exam with ease. Thank you for your support and guidance Dr GKR Sir.
ReplyDeletevery useful and precise lecture on various bonds, FIMMDA circular. Really very useful sir.
ReplyDeleteVery excellent class.
ReplyDeleteIt was nice session on Fixed Income
ReplyDeleteGKR Sir It was a very nice session.
ReplyDeletePlease take one session on all INDAS which is applicable for Exam. ie. 36,38,103,109 and 113.
Sir You are doing such a wonderful job that words are short for praising you.
Sir it would be great if you could take full fledged classes on the valuation.