DIFFERENCE BETWEEN HIRE PURCHASE AND LEASING

MAIN INTERMEDIARIES IN IPOS ( INITIAL PUBLIC OFFERING)

PRIMARY MARKET VS SECONDARY MARKET

FIXED PRICE IPO VS BOOK BUILDING ISSUE/ BASICS OF IPOS

FINANCIAL INSTITUTIONS & MARKETS PAPER

FINANCIAL SERVICES & MARKETS / REVISION OF FSM

AN OVER VIEW OF FINANCIAL SERVICES AND MARKETS

EXCHANGE TRADED FUNDS ( ETFs)

CREDIT RATING

 

–           CREDIT RATING
FINANCIAL SERVICES AND MARKETS
MEANING.FUNCTIONS,
FEATURES
MERITS

–           DR. SHASHI AGGARWAL

–           MEANING AND DEFINITION OF CREDIT RATING

–           CREDIT RATING IS AN ANALYSIS OF THE CREDIT RISK ASSOCIATED WITH A FINANCIAL INSTRUMENT OR A FINANCIAL ENTITY. IT IS RATING GIVEN TO PARTICULAR ENTITY BASED ON THE CREDENTIALS AND EXTENT TO WHICH THE FINANCIAL STATEMENTS OF THE ENTITY ARE SOUND IN TERMS OF BORROWING AND LENDING THAT HAS BEEN DONE IN THE PAST.

–           IS SIMPLY OPINION ON THE FUTURE ABILITY AND LEGAL OBLIGATION OF AN ISSUER TO MAKE TIMELY PAYMENTS OF PRINCIPAL AND INTEREST ON SPECIFIC FIXED INCOME SECURITY,

FACTORING

 

• FACTORING
• FINANCIAL SERVICES AND MARKETS
• DR. SHASHI AGGARWAL
• INTRODUCTION

1. IN ANCIENT ROME,RICH MANUFACTURERS AND MERCHANTS USED A MERCANTILE AGENT OR FACTOR TO ADMINISTER THEIR SALES OF THEIR MERCHANDISE
2. FROM THE 16 TH CENTURY EXPORTERS OF CONSUMERS GOODS FROM EUROPE SOUGHT THE HELP OF MERCANTILE AGENTS OR FACTORS TO PROMOTE THEIR TRADE

LEASE FINANCING

 

• LEASE FINANCING
• FINANCIAL SERVICES AND MARKETS
• DR. SHASHI AGGARWAL ( queriesmanagemment@gmail.com)
• MEANING OF LEASING

1. LEASE IS A CONTRACT WHERE BY THE OWNERS OF AN ASSETS (LESSOR) GRANTS TO ANOTHER PARTY             ( LESSEE) THE EXCLUSIVE RIGHT TO USE THE ASSETS USUALLY FOR  AN AGREED PERIOD OF TIME IN RETURN FOR THE PAYMENT OF RENT.
2. LEASING AS A FINANCING CONCEPT IS ARRANGEMENT BETWEEN TWO PARTIES THE LEASING COMPANY OR LESSOR AND THE USER OR LESSEE
3. THE LESSEES USES THE CAPITAL ASSETS OF THE LESSOR ON AGREED AMOUNT OF RENT 

NEW ISSUE : IPO : SEBI REGULATION AND IPO PROCESS

 

IPO : SEBI REGULATION AND IPO PROCESS

•     HISTORY

1.       THE PRIMARY MARKET IN INDIA GAINED IMPORTANCE AND POPULARITY AMONGST CORPORATE IN THE ERA OF LIBERALIZATION COMMENCING FROM THE YEAR 1992

2.       EARLIER THE CONTROLLER OF CAPITAL ISSUES ( CCI) WAS THE REGULATORY AUTHORITY GOVERNING THE PRIMARY MARKET IN INDIA

3.       IN 1992, THE GOVERNMENT OF INDIA ABOLISHED THE CCI AND CONSTITUTED SECURITY AND EXCHANGE BOARD OF INDIA THROUGH THE ACT OF PARLIAMENT

a)       KEY PHILOSOPHY : REGULATE RATHER THAN CONTROL

b)       KEY CHANGES : PRICING, DISCLOSURE BASED REGIME, REGULATE ISSUERS, INTERMEDIARIES AND MARKET PARTICIPANTS

c)        SEBI INTRODUCED THE DISCLOSURE OF INVESTOR PROTECTION CALLED DIP GUIDELINES IN 1991 WHICH WERE SUBSEQUENTLY AMENDED IN 2000

d)       SEBI ( ISSUES OF CAPITAL AND DISCLOSURE REQUIREMENTS ) REGULATIONS 2009

e)       UPDATED SEBI ( ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS 2018 (ICDR) AND COMPANIES ACT 2013

 

INITIAL PUBLIC OFFER : NEW ISSUE MARKET PART 2

 

• PRIMARY MARKET : NEW ISSUE:IPO 
  
• FINANCIAL SERVICES AND MARKETS
• DR SHASHI AGGARWAL ( ACS)
• IPO :NEW ISSUE MARKET

1.       MEANING OF IPO

2.       BASIC TERMINOLOGY

3.       TYPES OF INVESTORS

4.       INTERMEDIARIES

• PUBLIC ISSUE

·         WHEN AN ISSUE OFFER SECURITIES IS MADE TO  GENERAL INVESTORS.THE PROCESS IS GENERALLY CALLED PUBLIC ISSUE

·         PUBLIC ISSUE CAN BE FURTHER CLASSIFIED :

• INITIAL PUBLIC OFFER : WHEN AN UNLISTED COMPANY MAKES EITHER FRESH ISSUE OF SECURITIES OR OFFERS ITS EXISTING SECURITIES IS CALLED AN IPO. THIS PAYS WAYS FOR THE LISTING AND TRADING
• FOLLOW ON PUBLIC OFFER ( FPO) : WHEN AN ALREADY LISTED COMPANY MAKES EITHER A FRESH ISSUE OF SECURITIES TO THE PUBLIC OR AN OFFER FOR SALE TO THE PUBLIC IT IS CALLED A FOLLOW ON PUBLIC OFFER
• FIXED PRICE
• WHEN THE ISSUE AT THE OUTSET DECIDES THE ISSUE PRICE AND MENTION IN THE OFFER DOCUMENT. FIXED PRICE

PRIMARY MARKET/NEW ISSUE MARKET PART 1

 

• PRIMARY MARKET /NEW ISSUE MARKET
• DR SHASHI AGGARWAL
• FINANCIAL SERVICES AND MARKET
• CONTENTS :

1. PRIMARY MARKET : NEW ISSUE MARKET PART 1
2. MEANING
3. NEW ISSUE MARKET AND STOCK MARKET
4. FUNCTIONS
5. TYPES OF ISSUE

•     PRIMARY MARKET

1.       KNOWN AS NEW ISSUE MARKET : WHICH IS A PART OF THE CAPITAL MARKET THAT DEALS WITH THE ISSUE OF NEW SECURITIES TO THE INVESTORS DIRECTLY

2.       HERE THE INVESTORS BUY SECURITIES THAT WERE NEVER TRADED BEFORE.

3.       STOCK MARKET OR SECURITIES MARKET IS A MARKET WHERE SECURITIES ISSUED BY THE COMPANIES IN THE FORM OF SHARES,BONDS AND DEBENTURES CAN BE BOUGHT AND SOLD FREELY

4.       THE COMPONENTS OF STOCK MARKET : PRIMARY,SECONDARY MARKET

OVER VIEW OF CAPTIAL MARKET IN INDIA

 

•     FINANCIAL SERVICES AND MARKET
DR SHASHI AGGARWAL

•     CAPITAL MARKETS

1. CAPITAL MARKETS ARE FINANCIAL MARKETS ARE FOR THE BUYING AND SELLING OF LONG TERM DEBT OR EQUITY BACKED SECURITIES
2. THE BASIC ROLE OF THE CAPITAL MARKET IS TO RAISE LONG TERM FUNDS FOR GOVERNMENTS,BANKS AND CORPORATIONS WHILE PROVIDING A PLATFORM FOR THE TRADING OF SECURITIES
3. CAPITAL MARKET  FUNCTION AS LINK BETWEEN SAVERS AND INVESTORS
4. IMPORTANT ROLE IN MOBILIZING THE SAVING AND DIVERTING THEM IN PRODUCTIVE INVESTMENT
5. CAPITAL MARKET PLAYS AN IMPORTANT ROLE IN TRANSFERRING THE FINANCIAL RESOURCES FROM SURPLUS AND WASTEFUL AREA TO DEFICIT AND PRODUCTIVE AREAS THUS INCREASING THE PRODUCTIVITY AND PROSPERITY OF THE COUNTRY AND PROMOTES THE PROCESS OF ECONOMIC GROWTH IN THE COUNTRY.
6. CAPITAL MARKETS

MONEY MARKET

 

•     MONEY MARKET
DR. SHASHI AGGARWAL

DR. SHASHI AGGARWAL

•     MONEY MARKET

•     MEANING OF MONEY  MARKET

1.       MONEY MARKET IS A SEGMENT OF THE FINANCIAL MARKET IN INDIA WHERE BORROWING AND LENDING OF SHORT TERM FUNDS TAKE PLACE

2.       IT IS A MARKET FOR SHORT TERM LOANS OR FINANCIAL ASSETS.

3.        IT IS A MARKET FOR LENDING AND BORROWING OF SHORT TERM FUNDS. IT DEALS WITH NEAR SUBSTITUTES FOR MONEY OR NEAR MONEY LIKE TRADE BILLS, PROMISSORY NOTES ETC.

4.       IT DEALS IN MONETARY ASSETS WHOSE PERIOD OF MATURITY IS UPTO ONE YEAR

5.       REGULATED BY RESERVE BANK OF INDIA

FINANCIAL SYSTEM IN INDIA

 

 FINANCIAL SYSTEM IN INDIA

   FINANCIAL SERVICES AND MARKET

   BY  DR .SHASHI AGGARWAL

   FINANCIAL SYSTEM IN INDIA

   GROUP 1

   COURSE SYLLABUS GROUP I: FINANCIAL SYSTEM IN INDIA: AN OVERVIEW STRUCTURE AND GROWTH, MAJOR PROBLEMS AND DEFICIENCIES,

   FINANCIAL MARKETS IN INDIA: STRUCTURE AND SIGNIFICANCE; FINANCIAL MARKET ENVIRONMENT; MONEY MARKET IN INDIA: CONSTITUENTS, REGULATIONS AND RECENT DEVELOPMENT,

   CAPITAL MARKET IN INDIA: CONSTITUENTS, REGULATIONS AND RECENT DEVELOPMENT, NEW ISSUE MARKET, MODE OF RAISING CAPITAL FROM PRIMARY MARKET.

   FINANCIAL SERVICES IN INDIA: NATURE TYPES, REGULATORY FRAMEWORK, MAJOR PROBLEMS FACED BY INDIAN FINANCIAL SERVICES SECTOR.

   LEASING; MEANING, TYPES, FINANCIAL LEGAL AND TAX ASPECTS, HIRE PURCHASE. FACTORING: TYPES, LEGAL AND FINANCIAL ASPECTS.