Folks,
Herewith I have given below the link for Batch XIII - 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
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)
Link for FAQ on Commercial Paper - RBI (HTML)
Link for FAQ on Fixed Income Securities - FIMMDA (HTML)
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 FT13 WhatsApp group.
FT13 - Day 6 - Final Session - 17th JULY 2021 (Saturday) - 08:30 am - Registration Link is given below:
https://meeting.zoho.in/meeting/register?sessionId=1326641315
Dr GKR
16th JULY 2021
Friday
Dear Sir at the outset would like to thank you for series of powerhouse sessions, also like to acknowledge your effort, knowledge and experience. Somebody said very correctly knowledge increases with sharing and you are a live example.
ReplyDeleteThanks a lot Sir for your effort and time once again.
The presentation, the simplified approach by Dr. GKR to make everyone understand the complex topics within short time with the pointers , are extraordinary and thankful to be able to attend the session.
ReplyDeleteDr. GKR Sir, par Excellent, you have mastered the art of teaching any subject with so much of enlivening, fun filled examples and punches; it is like providing a completely automated elevator (of course with scenic, exotic views and insights) to reach the destination (where in for reaching the destination actually, we need to climb through a rough and uneven steps); kudos to you for your selfless service
ReplyDeleteDr Raju started building a foundation for proper understanding of fixed income securities
ReplyDeleteBond valuation is well explained Thanks & Regards CMA T V S SIVA PRASAD, Bengaluru
ReplyDeleteExcellent Session
ReplyDelete