UNIT I
Financial Services: Meaning and Definition, Role of Financial Services in a financial system.
Leasing: Meaning and features. Introduction to equipment leasing: Types of Leases,
Evolution of Indian Leasing Industry. Lease Evaluation: Lease vis-à-vis Buy - Lease
Evaluation in practice. Legal Aspects of Leasing: present Legislative Framework, Tax
aspects of leasing. Hire purchase: concept and characteristics of Hire purchase. Difference
between hire purchase and leasing. Mathematics of Hire purchase: calculation of Effective
interest Rate - Legal Aspects of Hire purchase - Tax implications of Hire Purchase.
UNIT II
Merchant Banking: Nature and scope of Merchant Banking - Regulation of Merchant
Banking Activity - overview of current Indian Merchant Banking scene - structure of
Merchant Banking industry - primary Markets in India and Abroad - - professional Ethics and
code of conduct - current Development. Credit Rating: concept of credit Rating. Types of
credit Rating - Advantages and Disadvantages of credit Rating - credit Rating Agencies &
their Methodology - Emerging A venues of Rating services - International credit Rating
practices.
UNIT III
Factoring: concept, nature and scope of Factoring - Forms of Factoring - Factoring vis-à-vis
Bills Discounting - Factoring vis-à-vis credit Insurance Factoring vis-à-vis ForfeitingEvaluation
of a Factor - Legal Aspects of Factoring – Evaluation of Factoring - Factoring in
India current Developments. Securitisation / Mortgages: Meaning, nature and scope of
securitization, securitization as a Funding Mechanism, securitization of Residential Real
Estate - whole Loans - Mortgages - Graduated-payment.
UNIT IV
Depository: Meaning, Evolution, Merits and Demerits of Depository. Process of
Dematerialization and Dematerialization. Brief description of NSDL and CDSL. Security
Brokerage: Meaning of Brokerage, types of brokers. Difference between broker and jobber.
SEBI Regulations relating to brokerage business in India.