Folks,
Herewith I have given below the link for Batch XI - 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
Link for GKR Material on Valuation of Bonds (PDF)
Link for GKR Excel Worksheet on Valuation of Bonds (Spreadsheet)
https://drive.google.com/file/d/1-JG89SjmhOxpVQSDkJy1xoOCGypSSieL/view?usp=sharingFAQ ON Commercial Paper
https://m.rbi.org.in/Scripts/FAQView.aspx?Id=25#:~:text=CP%20can%20be%20issued%20for,8.
Valuation of investments as on 31st March 2021 - FIMMDA
http://fimmda.org/Uploads/general/FINAL_FIMMDA_Val._of_Inv_Circular_for_31-03-2021.pdf
Kindly post your comments, suggestions, queries & review of the webinar session below this post. Happy Reading | Please contact Dr S Dhanapal (96770 22712) / CA Sarpabushana (9880222208) for being part of FT11 WhatsApp group.
FT11 - Day 6 - Final Session - 8th MAY 2021 - 08:30 am - Registration Link is given below:
https://meeting.zoho.in/meeting/register?sessionId=1352928949
Dr GKR
7th MAY 2021
Friday
Excellent session explained very nicely concept of sensitivity between yield and price CAMELS model Macaulay duration Modified duration, Yield Curve ... normal flat and inverted and in 1 hour learned a lot. Thanks you very much
ReplyDeleteSo Nicely described about the. Tier1 and Tier 2 regulators. Bond valuation topic made simple with an excellent delivery and with concise material
ReplyDeleteThank you GKR Sir
Regards,
Suneel
It was a wonderful session and it is delight to attend Dr. GKR's session. He makes things so easy to remember. Further he is taking lot of pain in researching material and providing the best to the participants. Apart from the subject, the punctuality shown in conducting the session is admirable. The session starts dot at 8.30 am and he ensures that participants gets immensely benefitted with the content delivered.
ReplyDeleteSir, you have nicely explained Bonds valuation & terms used in fixed income securities. We got clarity and exact meaning of various aspects of Bond valuations. Thank you very much sir.
ReplyDeleteKashyap
CA (Dr.) GKR, I am amazed to see your energy and synergy level. I am sure, Only a Yoga person can do that. Your lectures are like taking a flight from New Delhi to Chennai instead of going by train and reach your destination (valuation exam) safely, accurately and fearlessly. Keep it up, Sir. Best Wishes.
ReplyDeleteThanks Sir for the yet another excellent session .sir your sessions are Well focused. Short and crip. knowledge gained in one hour is more absorbing ,enhancing then hrs of self study. your art of explaining or deriving to answers to MCQ eliminating rule is superb thanks a ton
ReplyDeleteca Pallavi Agarwal
Excellent session Sir. Registered for Pinnacle and hoping to clear the exam soon. Thank you so much Dr GKR Sir for conducting these Fast Track sessions. Selfless service towards your fellow professionals 🙏
ReplyDeleteThanks you very much Dr G K Rajoo Sir, You are one of the best teacher and trainer for the Valuation concept, out of many I could come across. Today I had yet another excellent session on valuation technique of Bonds. You have explained tricky things of this concept very well. Thank you. CS and IP - Mukesh Kumar Garg from Indore (MP).
ReplyDeleteA refreshing and focussed session with conceptual clarity, lucid presentation, material to focus and your domain expertise and insights in the subject is nothing but the best. Many of us are seekers (Vidyarthi) from Master guru. What reflections and comments matter before a knowledge Power base !! It is just like a candle light before a Sun!! We are grateful for your mission of spreading and empowering all professionals and for your valuable time and effort !! 🙏🙏👍
ReplyDeleteExcellent session Dr GKR,
ReplyDeleteThanks again for the phinominal teaching technique and content
Regards,
Gaurav
FIMMDA related topics are covered well and the concepts are explained well. Thanks Dr GKR for your noble effort to impart knowledge.
ReplyDeleteExcellent session Sir
ReplyDeleteThanks
Dear GKR Sir
ReplyDeleteWe had a wonderful session today as always. Providing ready reckoners, way of simplifying the concepts is really amazing.
Modified duration concept made easier with excel presentation. The inductive method of teaching used by giving lot of examples first and then generalizing the rules is highly commendable. Thank you Sir
CMA Gunjan Arora
Thank you so much for the efforts and Informative sessions.
ReplyDeleteReally feeling like to study n clear at the earliest
you have really eased our understanding of the complex nature of FI's , Bonds AND OPTION into very simpler way with your teaching abilities and examples from day to day scenarios..Hat's off sir...
ReplyDeleteneeraj kumar jain FCA AGRA neerajjainus@gmail.com mob 9412255523
ReplyDeleteyour notes and study material makes thing crisp and concise in mind which isnt possible by plain reading