Table of Content
 

 

Introduction to Commodity Markets
  • Commodity Exchanges in India
  • Global Commodity Markets
  • History of Commodity Derivatives in India
  • Policy Initiatives
  • Structure of the Indian Commodity Market
  • Parties of a Commodity Exchange & Trading
  • Latest Development
  • Benefits of Commodity Markets
Commodity Exchange Markets
  • The Role of Commodity Exchanges
  • List of Commodity Exchanges in India
  • Types of Commodities Traded in India
  • Active Commodities & Contracts on MCX
  • Active Commodities & Contracts on the NCDEX
Segments in Commodity Markets
  • OTC Markets
  • Exchange Traded Commodities
  • Spot Markets
  • Difference between Spot Vs Forward Transaction
  • Exchange traded VS OTC
Derivatives
  • Products
  • Functions
  • Clearing and Settlement System
  • Participants
  • Types of Derivatives Markets
Commodity and Financial Derivatives
  • Physical settlement
  • Delivery & Assignment
  • Warehousing
  • Forward Contracts
  • Introduction to Futures
  • Pricing Commodity Futures
  • Using Commodity Futures
Hedging and Speculation
  • Methods of Hedging
  • Short Hedge
  • Long Hedge
  • Hedge Ratio
  • Advantages and Disadvantages of Hedging
  • Speculation: Bullish Commodity, Buy Futures
  • Advantages and Disadvantages of Speculation
Introduction to Options
  • Difference between Futures and Options
  • Option Terminology
  • Types of Market Analysis
Trading
  • Futures Trading System
  • Entities in the Trading System
  • Commodity Futures Trading Cycle
  • Order Types and Trading Parameters
  • Order Entry on the Trading System
  • Margins for Trading in Futures
  • Charges
  • Hedge Limits
Clearing and Settlement
  • Clearing
  • Settlement
  • Warehousing
  • Indicative Warehouse Charges of NCDEX
Warehousing
  • Warehousing and commodity exchange
  • Quality of assets and functions
  • Role of an approved Registrar & Transfer agent and Assayer
  • Indicative warehouse charges
Risk Management & Margining
  • Calculating Initial Margin
Electronic Spot Exchange
  • Need for electronic Spot exchange
  • NCDEX Spot Exchange Ltd (NSPOT)
  • National Spot Exchange Ltd (NSEL)
  • Constitution
  • Trading
  • Membership
  • Advantages
Regulatory Framework
  • Rules Governing commodity derivatives exchanges / participants
  • Rules Governing Trading & Clearing on the Exchange
  • Rules Governing Investor Grievances, Arbitration
  • Implications of VAT