NCDEX Commodity Professional Programme

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NCDEX Commodity Professional Programme

Aim of the Programme


The aim of this Programme is to equip learners with both academic and applied
knowledge pertaining to commodities trading. The course provides the right blend of
theoretical understanding of the concepts and practical application of strategies, along
with an exposure to simulated trading using live commodity exchange data.

Course Delivery Mode


The NCDEX Commodity Professional Programme is a part-time programme of 50 hours
spread over 4 weeks. It is based on a blended design (e-learning + classroom training +
simulated trading) with 30 hours dedicated to classroom training and 20 hours to
simulated trading using live data. The course material (both in print and online) is
delivered over two segments: an introductory segment and an applied segment. The
Programme is designed to be learner friendly. The endeavour is to help learners to not
only understand commodity markets and derivatives but also to develop the requisite
skill set for analysing such markets.

Syllabus Structure

Introductory Segment: Introduction to Commodity Derivatives

Module 1 - Understanding Commodity Markets


Unit 1: Physical Commodity Markets
Unit 2: Need for an Organized Exchange

Module 2 - Understanding Derivatives


Unit 1: Types of Derivatives
Unit 2: Pay-off for Derivative Positions
Unit 3: Commodity Derivatives vs. Financial Derivatives
Unit 4: Derivative Market Participants

Module 3 - Commodity Exchanges


Unit 1: Global Exchanges
Unit 2: Indian Exchanges
Unit 3: Functions and Roles of an Exchange
Module 4 - Pricing Of Futures
Unit 1: Pricing
Unit 2: Convergence of Spot and Futures Prices

Module 5 -Basic Principles of Hedging, Speculation and Arbitrage


Unit 1: Hedging
Unit 2: Speculation
Unit 3: Arbitrage

Applied Segment: Commodity Price Analysis and Exchange Trading Strategies

Module I - Price Analysis Of Commodities - Fundamental Approach


Unit 1: Supply and Demand of Commodities
Unit 2: Fundamental Analysis of Copper
Unit 3: Fundamental Analysis of Sugar

Module 2: Price Analysis Of Commodities – Technical Approach


Unit 1: Price Patterns

Module 3: Speculation And Arbitrage Strategies


Unit 1: Speculation Strategies
Unit 2: Arbitrage Strategies

Module 4: Hedging Strategies


Unit 1: Basic Principles
Unit 2: Application of Hedging Strategies
Unit 3: Using Futures for Benefit of Farmers

Module 5: Functioning And Regulation Of Exchanges


Unit 1: Members and Clients
Unit 2: Risk Management
Unit 3: Regulatory Framework

Module 6: Exchange Transactions


Unit 1: Electronic Transactions
Unit 2: Technology
Module 7: Settlement
Unit 1: Process of Settlement

Module 8: The Underlying Market In Agricultural Commodities

Module 9: The Underlying Market In Metals And Energy

Faculty
The Commodity Professional Programme will be imparted by NICR’s professional faculty
as well as expert faculty drawn from NCDEX, business and trade.

Assessment Structure
Learners will undergo a three-stage assessment.

• A self-administered online test at the end of the first segment of the course.
Passing in this test would be a pre-requisite for appearing in the final online
examination.
• Submission and evaluation of a project assignment
• Final examination in the form of an online test conducted at ATTEST Centres.

Completing the ‘NCDEX Commodity Certification Course’ is an integral part of the


Commodity Professional Programme. Upon successful completion of the Commodity
Professional Programme, the students will receive the NCDEX Commodity
Professional Certificate.

Who will benefit from the Programme?


The Programme will be found useful by students who wish to take up highly lucrative
careers in brokerage firms dealing in commodities /derivatives. The course will be
specially useful to finance officers working in organizations dealing in commodities
such as agricultural products, metals or oil. They will gain knowledge of trading,
hedging and arbitrage strategies and acquire a deep understanding of commodity
markets in India and abroad through classroom training and simulated trading using
live data.

Fees Structure
Commodity Professional Programme is priced at Rs. 15,000. This price includes:
1. Course registration fees
2. Fees towards the Commodity Certification Course, including the cost of course
study manuals, e-learning facility, final examination fees and help desk
access over e-mail and phone.
3. Classroom training
4. Simulated trading
5. Course evaluation and testing charges, including project assignment.

Registration
To register, learners are required to submit a duly filled form with a demand draft made
in favour of “NCDEX Institute of Commodity Markets & Research” at the premises of the
Institute.

Key Partnerships
NICR has joined hands with C&K Management Ltd., a pioneer in the field of E-learning
and content development, as content partner and with Attest, the on line-testing arm of
Aptech Limited, as examination partner. It has collaborated with Omnesys for providing
the simulated trading platform.

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