Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword or section
Like this
10Activity

Table Of Contents

0 of .
Results for:
No results containing your search query
P. 1
Capital Markets

Capital Markets

Ratings: (0)|Views: 91 |Likes:
Published by shail_18

More info:

Categories:Types, Research
Published by: shail_18 on Aug 19, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

08/08/2013

pdf

text

original

 
Content Weight (%) Page No.
LIST OF ABBREVIATIONS.....................................................................................................5
 
TRADING………………………………………………………….30………………………….7
 
1.1
 
I
 NTRODUCTION
.....................................................................................................................7
 
1.2
 
 NEAT
 
S
YSTEM
.....................................................................................................................9
 
1.3
 
M
ARKET
T
YPES
....................................................................................................................9
 
1.3.1 Normal Market..............................................................................................................9
 
1.3.2 Odd Lot Market.............................................................................................................9
 
1.3.3 RETDEBT Market.........................................................................................................9
 
1.3.4 Auction Market............................................................................................................10
 
1.4
 
C
ORPORATE
H
IERARCHY
....................................................................................................10
 
1.5
 
L
OCAL
D
ATABASE
..............................................................................................................10
 
1.6
 
M
ARKET
P
HASES
................................................................................................................11
 
1.6.1 Opening.......................................................................................................................11
 
1.6.2 Open Phase.................................................................................................................11
 
1.6.3 Market Close...............................................................................................................11
 
1.6.4 Surcon.........................................................................................................................11
 
1.7
 
L
OGGING
O
 N
.......................................................................................................................12
 
1.8
 
L
OG
O
FF
/E
XIT FROM THE
A
PPLICATION
..............................................................................13
 
1.9
 
 NEAT
 
S
CREEN
....................................................................................................................14
 
1.10
 
I
 NVOKING AN
I
 NQUIRY
S
CREEN
........................................................................................15
 
1.10.1 Market Watch............................................................................................................15
 
1.10.2 Security Descriptor...................................................................................................17 
 
1.10.3 Market By Price........................................................................................................17 
 
1.10.4 Previous Trades........................................................................................................18
 
1.10.5 Outstanding Orders...................................................................................................19
 
1.10.6 Activity Log...............................................................................................................20
 
1.10.7 Order Status..............................................................................................................21
 
1.10.8 Snap Quote................................................................................................................22
 
1.10.9 Market Movement .....................................................................................................22
 
1.10.10 Market Inquiry........................................................................................................22
 
1.10.11 Auction Inquiry .......................................................................................................23
 
1.10.12 Security/Portfolio List.............................................................................................24
 
1.10.13 Multiple Index Broadcast and Graph......................................................................24
 
1.10.14 Online Backup.........................................................................................................25
 
1.10.15 Basket Trading........................................................................................................25
 
1.10.16 Buy Back Trades.....................................................................................................26 
 
1.10.17 Supplementary Functions........................................................................................27 
 
1.11
 
O
RDER 
M
ANAGEMENT
......................................................................................................40
 
1.11.1 Entering Orders........................................................................................................40
 
1.11.2 Order Modification...................................................................................................46 
 
1.11.3 Order Cancellation...................................................................................................47 
 
1.11.4 Order Matching ........................................................................................................47 
 
1.12
 
T
RADE
M
ANAGEMENT
......................................................................................................50
 
1.12.1 Trade Modification ...................................................................................................51
 
1.12.2 Trade Cancellation ...................................................................................................51
 
 
 21.13
 
A
UCTION
...........................................................................................................................52
 
1.13.1 Entering Auction Orders...........................................................................................53
 
1.13.2 Auction Order Modification......................................................................................54
 
1.13.3 Auction Order Cancellation......................................................................................54
 
1.13.4 Auction Order Matching...........................................................................................54
 
1.14
 
L
IMITED
P
HYSICAL
M
ARKET
............................................................................................54
 
1.15
 
RETDEBT
 
M
ARKET
(RDM)............................................................................................55
 
1.16
 
T
RADING
I
 NFORMATION DOWNLOADED TO
T
RADING
M
EMBERS
......................................58
 
1.17
 
I
 NTERNET
B
ROKING
..........................................................................................................60
 
1.18
 
W
IRELESS
A
PPLICATION
P
ROTOCOL
(WAP).....................................................................61
 
M
ODEL
Q
UESTIONS
..................................................................................................................61
 
CLEARING AND SETTLEMENT……………………………25…………………………...64
 
2.1
 
I
 NTRODUCTION
..................................................................................................................64
 
2.1.1 Transaction Cycle.......................................................................................................65
 
2.1.2 Settlement Process......................................................................................................66 
 
2.1.3 Settlement Agencies.....................................................................................................67 
 
2.1.4 Risks in Settlement ......................................................................................................70
 
2.2
 
S
ETTLEMENT
C
YCLE
...........................................................................................................71
 
2.4
 
S
ECURITIES
S
ETTLEMENT
...................................................................................................75
 
2.5
 
F
UNDS
S
ETTLEMENT
...........................................................................................................78
 
2.6
 
S
HORTAGES
H
ANDLING
......................................................................................................80
 
2.7
 
ISK 
C
ONTAINMENT
M
EASURES
.........................................................................................84
 
2.7.1 Capital Adequacy Requirements.................................................................................84
 
2.7.2 Margins.......................................................................................................................85
 
2.7.3 Settlement Guarantee..................................................................................................94
 
2.7.4 No-delivery Period......................................................................................................95
 
2.8
 
I
 NTERNATIONAL
S
ECURITIES
I
DENTIFICATION
 N
UMBER 
.....................................................95
 
2.9
 
D
EMATERIALISATION AND
E
LECTRONIC
T
RANSFER OF
S
ECURITIES
...................................96
 
2.10
 
I
 NVESTOR 
P
ROTECTION
F
UND
.........................................................................................98
 
2.11
 
C
LEARING
S
OFTWARE
 – 
 
D
ATA AND
EPORTS
D
OWNLOAD
...............................................99
 
2.11.1 Obligation Reports..................................................................................................99
 
2.11.2 Custodial Trade Reports.......................................................................................100
 
2.11.3 Deliveries Reports.................................................................................................100
 
2.11.4 Receipts Reports....................................................................................................101
 
2.11.5 Bad Deliveries Reports .........................................................................................101
 
2.11.6 Funds Reports.......................................................................................................101
 
2.11.7 Auction Reports.....................................................................................................102
 
2.11.8 Objections Reports................................................................................................102
 
2.11.9 Margin Reports.....................................................................................................104
 
2.11.10 Securities Reports .................................................................................................104
 
2.11.11 Miscellaneous Reports..........................................................................................105
 
2.12
 
F
ILE
T
RANSFER 
P
ROTOCOL
.............................................................................................105
 
M
ODEL QUESTIONS
.................................................................................................................106
 
TRADING MEMBERSHIP……………………………………..20………………………...109
 
3.1
 
S
TOCK 
B
ROKERS
...............................................................................................................109
 
3.1.1 Introduction...............................................................................................................109
 
 
 3
3.1.2 Membership in NSE ..................................................................................................110
 
3.2.
 
S
UB
-B
ROKERS
.................................................................................................................129
 
3.3.
 
B
ROKER 
-C
LIENTS
ELATIONS
.........................................................................................131
 
3.3.1. Know your client......................................................................................................131
 
3.3.2. Unique Client Code..................................................................................................132
 
3.3.3. Margins from the Clients .........................................................................................133
 
3.3.4. Execution of Orders.................................................................................................133
 
3.3.5. Accumulation of orders............................................................................................133
 
3.3.6. Contract Note...........................................................................................................133
 
3.3.7. Payments/Delivery of Securities to the Clients ........................................................134
 
3.3.8. Brokerage.................................................................................................................134
 
3.3.9 Segregation of Bank Accounts ..................................................................................134
 
3.4.
 
S
UB
-B
ROKER 
 – 
 
C
LIENT
ELATIONS
.................................................................................135
 
3.4.1 Know Your Client......................................................................................................135
 
3.4.2. Orders......................................................................................................................135
 
3.4.3. Purchase/Sale Note..................................................................................................135
 
3.4.4. Payments/Delivery of Securities ..............................................................................136 
 
3.4.5. Sub-brokerage..........................................................................................................136 
 
3.5.
 
D
ISPUTE
,
 
A
RBITRATION AND
A
PPEAL
..............................................................................136
 
3.6
 
C
ODE OF
A
DVERTISEMENT
...............................................................................................137
 
M
ODEL
Q
UESTIONS
................................................................................................................140
 
LEGAL FRAMEWORK……………………………………….15………………………….142
 
4.1
 
S
ECURITIES
C
ONTRACTS
(R 
EGULATION
)
 
A
CT
,
 
1956.........................................................146
 
4.2
 
S
ECURITIES
C
ONTRACTS
(R 
EGULATION
)
 
ULES
,
 
1957.....................................................148
 
4.3
 
S
ECURITIES AND
E
XCHANGE
B
OARD OF
I
 NDIA
A
CT
,
 
1992................................................148
 
4.4
 
SEBI
 
(S
TOCK 
B
ROKERS
&
 
S
UB
-B
ROKERS
)
 
ULES
,
 
1992..................................................152
 
4.5
 
SEBI
 
(S
TOCK 
B
ROKERS
&
 
S
UB
-B
ROKERS
)
 
EGULATIONS
,
 
1992......................................153
 
4.6
 
SEBI
 
(I
 NSIDER 
T
RADING
)
 
EGULATIONS
,
 
1992................................................................160
 
4.7
 
SEBI
 
(P
ROHIBITION OF
F
RAUDULENT AND
U
 NFAIR 
T
RADE
P
RACTICES
ELATING
T
O
S
ECURITIES
M
ARKETS
)
 
EGULATIONS
,
 
1995..........................................................................163
 
4.8
 
T
HE
D
EPOSITORIES
A
CT
,
 
1996..........................................................................................165
 
4.9
 
I
 NDIAN
C
ONTRACT
A
CT
,
 
1872..........................................................................................168
 
4.10
 
T
HE
C
OMPANIES
A
CT
,
 
1956............................................................................................169
 
4.11
 
P
UBLIC
D
EBT
A
CT
,
 
1944.................................................................................................173
 
4.12
 
I
 NCOME
T
AX
A
CT
,
 
1961.................................................................................................174
 
M
ODEL QUESTIONS
.................................................................................................................179
 
AN OVERVIEW OF THE INDIAN SECURITIES MARKET………5…………………..182
 
5.1
 
I
 NTRODUCTION
................................................................................................................182
 
5.1.1 Market Segments.......................................................................................................182
 
5.1.2 Products and Participants ........................................................................................183
 
5.2
 
A
 
P
ROFILE
.......................................................................................................................185
 
5.2.1 Dependence on Securities Market.............................................................................185
 
5.2.2 Investor Population...................................................................................................187 
 
5.3
 
P
RIMARY
M
ARKET
..........................................................................................................188
 
5.4
 
S
ECONDARY
M
ARKET
.....................................................................................................190
 
5.5
 
D
ERIVATIVES
M
ARKET
...................................................................................................195
 

Activity (10)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads
sairamsk liked this
anjankumar liked this
kharemix liked this
hefira liked this
mahendrabpatel liked this
Nauroz Khan liked this
Arpita Jaiswal liked this
Rajesh Panse liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->