MFS (BCOM 4th)

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.