International Programme On Surveillance, Risk Management & Securities Settlement

OBJECTIVES

Surveillance, Risk Management and Securities Settlement have emerged as critical factors for successful functioning of stock exchanges in the background of growing integration of domestic markets with global finance and also harmonization of best practices in securities markets.

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The programme is envisaged to explain various facets of Surveillance, Risk Management and Securities Settlement and equip the participants with assessing, monitoring and managing these aspects with greater efficiency and efficacy.

PROGRAMME CONTENTS

Introduction to Risk Management

The risk management framework
Overview of different types of risk
Current trends in Capital Markets
Credit Risk Management

Defining credit risk
Counterparty risk
Default risk
Settlement risk
How collateral management can help reduce risk
Describing the credit rating process
Market Risk Management

Defining market risk
Identifying risk sensitivity
Liquidity
Volatility
Managing Risk using VAR method
Stress Testing
Operational Risk Management

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-World's top 10 most valuable brands list
-TATA'S are more reputed then Google, MSoft
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-Economies hit by recession
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Defining Operational Risk
Assessing various ways to monitor ad control operational risk
How to integrate market risk with operational risk
Risk Measurement Tools

Historical Simulation
Variance from mean
VAR
Identifying Areas to Effectively Implement Manage and Control Risk

Integration of online monitoring with offline monitoring
Case Study of major market movements
Capital adequacy norms
Clearing an Settlement Procedures

Settlement cycles
Margins and Margining Management
Collateral Management
Risk Management through use of Trading Platforms
Inspection

KYC Norms
Money Laundering
Risk Management profile of clients
Process Audit
Venue:

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

Date: 22 – 24 July, 2009

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-World's top 10 most valuable brands list
-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing businessNEW !!
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-Economies hit by recession
-World's Strongest economies list


Course Fee: US$ 2500
(Includes single room accommodation in a reputed hotel, airport pick up and drop facility, local transportation from hotel to venue and back, tuition fees, cost of study materials, lunch & refreshments and field visits in Mumbai).


Discounts: 10% for two registrations and more
Registration: Use enclosed format with payment details
Last Date for Registration: 26 June 2009

Key Contacts:
Mr. Vispi Rusi Bhathena, Manager, Knowledge Management
Mr. Piyush Shelat, Deputy Manager, Knowledge Management
Mr. Roy Aranha, Deputy Manager, Knowledge Management
Email: training@bseindia.com
Tel. 0091 22 22721127; 0091 22 22721233 Ext. 8175, 8197, 8303
Fax: 0091 22 22723250

download registration form
click here

source - www.bseindia.com

SEBI makes listing of debt securities simpler

(12/5/09 SEBI news) - SEBI has simplified the issuance and listing of non-convertible debt securities by companies, as part of its attempts to develop the country’s corporate bond markets. Accordingly, a company whose shares are listed and is seeking listing of its debt securities, needs to provide only “minimal incremental disclosures” for the debt issuance. Such disclosures, according to Sebi, are sufficient, as a large amount of information is already in the public domain.

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-Economies hit by recession
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Even for companies whose shares are not listed on the stock exchange, but are looking to list their debt securities, the disclosures for the latter need not be as comprehensive as those required for an equity listing, the regulator said.

This move is aimed to enable debt issues for a more feasible fund-raising route, as the listing compliance for shares is far more complex and expensive.

Sensex may fall to 11450 if 11750 is breached

One of the reputed securities firm advises investors to be a gradual investor at major support levels like 3510 and 3350 on the Nifty with a medium term view in mind. On intra-day basis, it expects the Sensex to trip to 11450 if it fails to hold on to 11750 support. Here one can take fresh long trades and make partial investments in the market.

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“The market remained in a very narrow range through out the week with a huge volatility inside the range. This suggests us that the market is at paused levels and is deciding which side the go. However, the break of range on the "lower side" will readjust the prices of many index heavy weights and may strengthen the current on going trend of the market. On failure to do so and upward break out may compel long traders to trade long with a high risk in the market.

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-Economies hit by recession
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Here we are calling it "high risk" for long traders because, the risk reward ratio is not suitable to trade long above 3700/ 12300 levels in the near term as the confidence levels may below above those levels. If we take the reading of major oscillators then we may say that they are diverging negatively to the price. Second, the prices are at their major resistance levels without any major correction since 3300 levels. Third the final countdown to the current elections will start and that will keep the sentiment mixed at higher levels. And last but not least is that the world markets are also on the verge of completion of the current rally as they are also near to their major resistance levels and are due for temporary correction in the near term.

FII's make fresh investments of ~ 80 crore

(11/5/09 - FII updates) - Foreign institutional investors on Monday made a net investment of Rs 79.88 crore in Indian equities, even as the BSE's benchmark index slipped 193.44 points to close at 11,682.99 level.

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FIIs were the gross purchaser of shares worth Rs 1,622.80 crore, whereas they sold equities worth Rs 1,542.92 crore resulting in a net buy of shares worth Rs 79.88 crore, as per the provisional data available with the Bombay Stock Exchange.

On Friday, FIIs had made a net investment of Rs 1,240.60 crore, according to the latest data available with the market regulator Securities and Exchange Board of India (SEBI) shows.

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However, domestic institutional investors booked profit and sold shares worth Rs 17.31 crore. Proprietors also offloaded a net Rs 46.28 crore shares in the market, according to the BSE data.

Stocks of 400 cos rise 100 per cent

(Indian Stocks updates, BSE updates) - As many as 20 largecaps such as RIL, SAIL, M&M , Sterlite, ICICI Bank and 30 mid-caps like Sesa Goa, Dish TV, Suzlon, Pantaloon and Unitech are among the 400-odd stocks which have given over 100% returns, if you would had bought them at their lows, an analysis of CMIE data shows.

Also read -
-World's top 10 most valuable brands list
-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing businessNEW !!
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list

Out of the 2600-odd stocks listed on the BSE and NSE, 405 stocks have at least doubled their values from their 365-day lows touched in October last year. Simply put, one out every six stocks has gained over 100% from their one-year bottom.

When Sensex dipped to 7,697 on October 27 last year, many stocks such as Jindal Steel and Power crashed to their lows as investor sentiment went for a toss.

"With experts and governments hoping and implementing measures for a quicker recovery for the global economy, bulls have quickly turned the tables on bears and bought stocks across the board. This has led to an extreme appetite for stocks as many investors including foreign ones, even a few months ago were lying on the sidelines with their money," says the equity head of a foreign brokerage.

With sensex gaining momentum, the prices of many index constituents have gone up. From Rs 47 a share, the stock of Jaiprakash Associates now stands at Rs 138. Others like Sterlite have also gained — touching Rs 518 from 365-day low of Rs 164 (October 27). Tata Motors too has jumped from Rs 122 hit on November 20 2008, to Rs 272 at present.

Also read -
-World's top 10 most valuable brands list
-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing businessNEW !!
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list

Amongst mid-caps (having a market capitalisation of between Rs 1,000 crore and Rs 5,000 crore), stocks such as Shree Global Trade Finance, Jai Corp, Lanco Infra, Shree Renuka and GVK Power have gone up over three times from their 365-day lows. With the stock markets losing steam and shape progressively from January 2009, many mid-caps and small-caps lost 50-60 % in less than two months.

Govt to sell Rs 12000 Cr bonds on 8th May

The government has announced it plans to raise Rs 12k crores through the sale of three securities - 6.05% paper expiring in 2019, 8.24% paper maturing in 2027 and 6.83% paper expiring in 2039 - on Friday. While it will raise Rs 6k crores through the first bond, Rs 3k will be raised through each of the other two.

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-World's Strongest economies list

The auction comes amidst market concern about the government struggling to meet its liquidity needs, since it has been borrowing extra funds from the central bank for it.

The Union government’s outstanding loans from RBI under the ways and means advances, or WMA, facility stood Rs 40,000 crore as on April 24, more than double the Rs 20,000-crore limit set for the first-half of this fiscal for the second consecutive week.

Though borrowing within the stipulated limit is considered normal by the market, regular breaching of the limit tends to send wrong signals to the market. The WMA is a withdrawal facility provided by RBI to the government to meet temporary mismatches in its cash flows.

Also read -
-BSE aims at internationalization of listing businessNEW !!
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list

Meanwhile 10 year bechmark is rallying strongly to trade at 6.21% at 3 15pm, yield down from 6.30% on Tuesday. The rupee weakened on Wednesday, dropping from two and half month highs touched in the previous session to trade at 49.60 against the dollar at 3 15 pm, hurt by the dollar strentgh overseas.