NCFM COMMODITIES MARKET
CHAPTER 1: Introduction to Derivatives
Introduction to Derivatives;
Types,
Products,
Participants and functions;
E exchange–traded versus OTC derivatives
CHAPTER: 2 Application of Futures & Options
Types of instruments (future, options)-Basics and Payoffs;
Pricing commodity derivatives;
Hedging,
Speculation and Arbitrage
CHAPTER 3: Commodity Derivatives
Difference between commodity and financial derivatives;
Global and Indian commodities exchanges;
Evolution of commodity market in India.
CHAPTER 4: NCDEX Platform
Structure of NCDEX;
Exchange membership;
Capital requirements;
commodities traded on NCDEX platform;
Instruments available for trading;
Pricing of commodity futures;
Trading;
Clearing,
Settlement and Risk Management;
Use of commodity futures in hedging,
Speculation and arbitrage.
CHAPTER 5: Regulatory Framework & Taxation aspect
Rules governing commodity derivatives exchanges;
Intermediaries,
Invest for grievances and arbitration,
Implications of sales tax.