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.