Announcements

1. Fee Discount Schemes

2. Launch of Investment Analysis and Portfolio Management Module

3. Launch of Interest Rate Derivatives: A Beginner’s Module

4. Revision of fees and inclusion of modules in Fee Discount Scheme

5. Updation of email and postal address of NCFM candidates

6. Launch of ‘Fee Discount Scheme'

7. Introduction of NCMP certificates

8. Revision of fees for NCFM modules

9. NCFM Test fees

10. Updations to June 2008 edition of Securities Market (Basic) Module workbook

11. NCFM - MUMBAI TEST CENTRE - Change of address w.e.f. May 2, 2008

12. Daily Test Schedule of Chennai, Mumbai & Delhi Offices

13. NCFM Online Login id for Corporates

14. Association of Mutual Funds in India - New Address



1. Launch of Investment Analysis and Portfolio Management Module



2. Launch of Interest Rate Derivatives: A Beginner’s Module



3. Revision of fees and inclusion of modules in Fee Discount Scheme





4. Updation of email and postal address of NCFM candidates

SBU-Education has started an emailing facility to keep the NCFM candidates informed about the new developments in the NCFM arena, so that the candidates can take informed decisions. The most recent NSE Newsletter is also being sent along with this mail. One round of such emails has already been sent on October 06, 2009 to all candidates who have taken one or more NCFM tests.



It has however, been found that the email addresses given by many candidates are either incorrect or have not been updated. As a result, several NCFM candidates are missing an opportunity to know about the developments relating to NCFM tests as well as about the securities market.



Further, SBU-Education has also launched the NCMP certification; these certificates are being sent to the eligible NCFM candidates by courier at the postal address as per our records.



In view of the above, we urge the NCFM candidates to update their email and postal address by accessing their online NCFM account and also to be careful while filling in the contact details.



5. Launch of ‘Fee Discount Scheme'



6. Introduction of NCMP certificates





7. Revision of fees for NCFM modules



8. NCFM Test fees



Test fees are valid for six months from the date of payment. Candidates need to enroll for the test(s) within six months from payment of fees.






9. Updations to June 2008 edition of Securities Market (Basic) Module workbook

The following is to be read as an addition under Cross Margining on Page No 30 of the Securities Market (Basic) Module workbook



In December 2008, SEBI extended the cross margin facility across Cash and F&O segment and to all the market participants. The salient features of the cross margining are as under :

1. Cross margin is available across Cash and F&O segment and to all categories of market participants.

2. The positions of clients in both the Cash and F&O segments to the extent they offset each other shall be considered for the purpose of cross margining as per the following priority.

a. Index futures and constituent stock futures in F&O segment.

b. Index futures and constituent stock positions in Cash segment.

c. Stock futures in F&O segment and stock positions in Cash segment

3. In order to extend the cross margin benefit as per 2 (a) and (b) above, the basket of constituent stock futures/ stock positions shall be a complete replica of the index futures

4. The positions in F&O segment for stock futures and index futures shall be in the same expiry month to be eligible for cross margin benefit.

5. Positions in option contracts shall not be considered for cross margining benefit.

6. The Computation of cross margin shall be at client level on an on-line real time basis.

7. For institutional investors the positions in Cash segment shall be considered only after confirmation by the custodian on T+1 basis and on confirmation by the clearing member in F&O segment.

8. The positions in the Cash and F&O segment shall be considered for cross margining only till time the margins are levied on such positions.

9. The positions which are eligible for offset, shall be subject to spread margins. The spread margins shall be 25% of the applicable upfront margins on the offsetting positions.




10. NCFM - MUMBAI TEST CENTRE - Change of address w.e.f. May 2, 2008



With effect from May 2, 2008, the NCFM test centre at Mumbai is shifting to the following premises:



National Stock Exchange of India Ltd.

NCFM – Mumbai Test Centre

United India Building, 2nd Floor,

Near Kashmir Emporium,

Opp. Apna Bazar

Sir Phirozeshah Mehta Road,

Fort, Mumbai - 400 001.



All candidates are required to take note of the same.



However, all correspondences (forms/payments) etc. may continue to be sent to the Bandra- Kurla Complex address:

NCFM Department

National Stock Exchange of India Ltd.

"Exchange Plaza",

Bandra Kurla Complex,

Bandra (East),

Mumbai-400051.





11. Daily Test Schedule of Chennai, Mumbai & Delhi Offices:



Candidates who have applied for NCFM Tests for various modules at Chennai / Mumbai Test Centers and have confirmed dates either through submission of form personally or through Fax / courier / e-mail confirmations, may kindly verify their enrollment status in the list displayed. Daily updations will be carried out and candidates are requested to inform us in case of any discrepancies observed.



List : Mumbai
Chennai
Delhi





12. NCFM Online Login id for Corporates



NCFM has launched the online login facility for corporates whereby the corporates will be able to enroll their candidates online themselves through a corporate login id that will be created for them. Corporates would be required to make a consolidated payment to NSE which can then be utilized by them for enrolling their candidates through the corporate login id. The payment can be made by means of a demand draft favouring “National Stock Exchange of India Limited”, payable at the nearest NSE office or through the online netbanking facility through BOI, AXIS and HDFC Bank(For paying through HDFC Net Banking Interface the corporates would be required to have Retail HDFC Bank Account.)



Corporates who wish to avail of this facility may fill in the format attached herewith and send the same to us on their letterhead following which the corporate user id would be created for them.





13. Association of Mutual Funds in India - New Address



With effect from April 30, 2009, Association of Mutual Funds in India will operate from their new premises. The address and new telephone numbers are as under:



ASSOCIATION OF MUTUAL FUNDS IN INDIA

706-708, BALARAMA

BANDRA-KURLA COMPLEX

BANDRA (EAST)

MUMBAI - 400 051.



Telephone Nos.: 26590206 / 26590243 / 26590246 / 26590382

Fax Nos. :26590209 /26590235