Fixed Income Securities

he Present Publication is the May 2021 workbook version, published exclusively by Taxmann for NISM Certification Examination XXII [Fixed Income Securities], with the following noteworthy features:

• [Basics of Indian Debt Markets] and different terminologies used in debt markets
• [Understand the Classification of Fixed Income Securities] based on various criteria such as issuer, maturity, coupon, currencies, embedded options, etc.
• [Be Aware of the Risks] associated with investing in fixed income securities
• [Know the Pricing of Bonds] including floating rate bond, price-yield relationship and price time path of a bond
• [Understand the Sources of Returns] and the traditional yield measures
• [Understand the Term Structure of Interest Rates] and the relationship between spot and forward rates
• [Understand the Concepts of Measuring the Interest Rate Risk] including the concepts of Duration, Modified Duration, the Price value of basis point, Convexity measures, etc.
• [Know the Indian Money Market] and understand various instruments available in the money market
• [Understand the Government Debt Market] in India, including the issuance mechanism, secondary market, clearing and settlement, valuation and key regulatory guidelines
• [Understand the Corporate Debt Market] in India, including the issuance mechanism, secondary market and key regulatory guidelines