Financial Markets and Services

Meaning of financial system, Function of financial system, Components of financial system,and financial markets and its types, financial intermediaries and classification, financial assets and roles of financial system in economy.

Financial Market regulations; Financial market regulations; Central bank and its functions ,conduct of monetary policy, financial services; Meaning, scope and types of financial services, Characteristics of financial services, Causes for financial innovations, financial services and promotion of industries, financial service industries in Nepal.

Meaning of Money Market; Purposes of money market; Participants in money market; MoneyMarket Instruments: Treasury bills, commercial paper, central bank funds, negotiablecertificate of deposits, repurchase agreement, and banker's acceptances; Yield concepts ondiscount papers: discount yield, bond equivalent yield, effective annual rate, holding periodreturn, and holding period yield; Yield concepts on other money market instruments; Moneymarket in Nepal.

Meaning of capital market; Functions of capital market; participants in capital market; Capital market securities: Treasury notes and bonds, municipal bonds, corporate bonds, mortgaged backed securities, and common stock; Yield on capital markets securities; International aspects of capital markets; and Issues in capital markets in Nepal

Concept of commercial bank; Financial statements and off-balance sheet assets and liabilities; Financial statement analysis using a return on equity framework; Regulation of commercial banks; Types of regulations: liquidity regulation, capital adequacy regulation in reference to Basel Accord, Saving and loan associations; Saving banks; Credit unions; Overview of development banks, finance companies, micro-credit development banks, and co-operatives, Classification of financial institutions in Nepal.

Concept of insurance companies; Types of insurance companies; Life insurance: types, thefair value of an annuity policy, and asset and liability structure;Property-casualty insurancecompanies: types, asset and liability structure, and profitability; Overview of insuranceindustry in Nepal; Regulation and supervision mechanism of insurance businesses in Nepal.Concept of pension funds; Types of pension plans; Retirement benefits under defined benefitplan and defined contribution plan; and Pension fund management practices in Nepal

Meaning and roles of investment banks, Securitization of assets, Merger and acquisition, investment banking activities in Nepal; Concept of mutual funds; Types of mutual funds; Mutual fun expenses; Net asset value and return on mutual funds; Mutual fund practices in Nepal.

Concept of merchant banks, functions of merchant banks, merchant bank activities in Nepal;Concept of brokerage and dealer services, and practices in Nepal; Concept of rating agencies,rating agency services in Nepal, Functions of CDS and Clearing Limited; Overview ofEmployee Provident Fund and Citizen Unit Trust