NCFM Capital Market (Dealers) case studies
NCFM Capital Market (Dealers) · Put your knowledge to work in context.
The NCFM Capital Market (Dealers) module is one of the certification modules offered through the NCFM programme, which NSE's website describes as the portal for online testing and certification programmes offered by NAL Academy Limited (formerly known as NSE Academy Limited). Candidates register for NCFM through the "Get started for NCFM" process and choose from the published list of self-study NCFM certification modules. The NCFM Capital Market (Dealers) case studies are 5 cases and about 3,145 words.
1Block Execution in a F&O-Banned Midcap
A domestic mutual fund client instructs your institutional desk to buy 4.8 million shares of XYZ Ltd, a midcap, before today's close. XYZ has 60 million free-float shares and trades at ₹428.5 after opening at ₹410; the exchange has a 5% daily circuit, so the upper limit is ₹430.5.
635 words, about 3 min2Index Replacement: Pre-Positioning an Inclusion Trade
The index provider announces that Stock B will replace Stock A in a broad large-cap index at the next semi-annual review, effective after 10 trading sessions. Stock B has an estimated free-float market-capitalisation weight of 0.80%; Stock A has 0.60%.
634 words, about 3 min3Short Strangle After a Takeover Gap
Your desk has sold 200 lots of a stock-option strangle on PQR Ltd, with each lot representing 250 shares. The position is short 200 lots of the 1,250-strike call at an average premium of ₹18 and short 200 lots of the 1,150-strike put at ₹22.
602 words, about 3 min4Exporter Hedge: Futures vs Forward and a Speculative Request
An IT-services exporter has a firm USD 6 million receivable due in 90 days. The bank's 3-month USD/INR forward quote is 83.85/83.92.
611 words, about 3 min5Rating Downgrade and a Redemption Deadline
A dealer's treasury holds ₹40 crore face value of a 7.9% corporate bond maturing in June 2029. The bond is rated AA+ and is carried at a yield of 8.10%, with modified duration of 4.1.
663 words, about 3 min