(1) Introduction to Financial Services:
Financial Services: Meaning – Classification – Scope – Fund Based Activities – Non-Fund Based Activities –Modern Activities – Sources of Revenue – Need for Financial Innovation – New Financial Products and Services – Innovative Financial Instruments – Challenges Facing the Financial Sector.
Merchant Banking: Definition – Origin – Merchant Banking in India – Merchant Banks and Commercial Banks – Services of Merchant Banks – Qualities of Merchant Bankers in Market Making Process – Progress of Merchant Banking in India – Problems – Scope of Merchant Banking in India.
(2) Mutual Funds and Factoring and Forfeiting:
Mutual Fund: Introduction to Mutual Fund – Structure of Mutual Fund in India – Classification of Mutual Fund – AMFI Objectives – Advantages of Mutual Fund – Disadvantages of Mutual Fund – NAV Calculation and Pricing of Mutual Fund – Mutual Funds Abroad – Mutual Funds in India – Reasons for Slow Growth – Future of Mutual Funds Industry.
Factoring and Forfaiting: Factoring – Meaning – Modus Operandi – Terms and Conditions – Functions – Types of Factoring. Factoring v/s Discounting – Cost of Factoring – benefits – Factoring in India – International Factoring – Definition – Types of Export Factoring – Factoring in other countries – EDI Factoring – Factoring – Definition – Factoring v/s Forfaiting – Working of Forfaiting – Cost of Forfaiting – Benefits of Forfaiting – Drawbacks of Forfaiting.
(3) Securitisation of Debts and Derivatives:
Securitization of Debt: Meaning and Definition of Securitization – Securitization v/s Factoring – Modus Operandi – Role of Merchant Bankers – Role of other Parties – Securitization Structure – Securitisable Assets, Benefits of Securitization – Conditions for successful Securitization – Securitization Abroad – Securitization in India – Reasons for Non-popularity of Securitization – Future Prospects of Securitization.
Derivatives: Meaning – Types of Financial Derivatives – Options – Futures – Forwards – Swaps – Futures and Options Trading System – Clearing Entities and their Role.
(4) Housing Finance and Consumer Finance:
Housing Finance: Introduction – Housing Finance Industry – Housing Finance Policy Aspect – Sources of Funds – Market of Housing Finance in India – Major Issues of Housing Finance in India – Growth Factors – Housing Finance Institutions in India – National Housing Bank (NHB) – Guidelines for ALM System in Housing Finance Companies – Fair Trade Practice Code for HFC’s Housing Finance Agencies.
Consumer Finance: Introduction – Sources – Types of Products – Consumer Finance Practice in India – Mechanics of Consumer Finance – Terms – Pricing – Marketing and Insurance of Consumer Finance – Consumer Credit Scoring.
(5) Depositories and Pledge:
Depositories: Overview of Depository – Key Features of Depository System in India – Depository – Bank Analogy – Legal Framework – Eligibility Criteria for a Depository – Agreement between Depository and Issuers – Rights and Obligation of Depositories – Records to maintained by Depository – Services of Depository and Functions of Depository –Organisation and Functions of NSDL.
Pledge and Hypothecation: Pledge and Hypothecation – Procedure for Pledge / Hypothecation – Procedure of Confirmation of Creation of Pledge / Hypothecations by Pledgee – Closure of a Pledge / Hypothecation by Pledgor – Invocation of Pledge by Pledgee.
