MX Capital is a boutique investment bank focused on Private Equity, M&A and Strategic Advisory. The Associate will work on and be exposed to the entire deal life cycle – from sourcing to execution. Daily tasks include but are not limited to: financial modelling, preparing pitchbooks / presentations, researching & analysing sectors / companies, coordinating with third parties (e.g. due diligence agencies), coordinating process for deals, etc.

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor (“involuntary bankruptcy”) in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a “voluntary bankruptcy” that is filed by the insolvent individual or organization).

About Asymmetrix Asymmetrix is an advisory and solutions firm in the area of risk management. Our areas of expertise cover credit, market and operational risk from regulatory as well as economic risk perspective. The role will include working on consulting assignments related to risk management and Basel II. To know more about us, visit www.asymmetrix.co.in [...]

Dear Readers, As part of our continuous effort to educate everyone on financial analysis, risk management and financial modeling, we have started a new series. We will be posting a question relevant to either Chartered Financial Analyst (CFA) or Financial Modeling (FM) or Financial Risk Management (FRM). Question of the Day (QotD) will be posted [...]

Embedded Options It is common to grant issuers and bondholders an option to take an action against the other party regarding the owed money, either with the principal or the coupons. Such options have a significant effect on the behaviour of the bond price because of the potential modification of the cash flows that the action may cause. Although not explicitly priced in the market, the options carry implicit economic value and are reflected in the prices of the bonds. These options are known as embedded options.

What is a Mortgage?
A mortgage is the transfer of an interest in property to a lender as a security for a debt like a loan of money. Although a mortgage in itself is not a debt, it is the lender’s security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.
A mortgage lender is an investor that lends money secured by a mortgage on real estate. In today’s world, most lenders sell the loans they write on the secondary mortgage market. When they sell the mortgage, they earn revenue called Service Release Premium. Typically, the purpose of the loan is for the borrower to purchase that same real estate. The borrower, known as the mortgagor, gives the mortgage to the lender, known as the mortgagee. As the mortgagee, the lender has the right to sell the property to pay off the loan if the borrower fails to pay.

An exotic option is a derivative which has features making it more complex than commonly traded products (vanilla options). These products are usually traded over-the-counter (OTC), or are embedded in structured notes.
An exotic product could have one or more of the following features:
* The payoff at maturity depends not just on the value of the underlying index at maturity, but at its value at several times during the contract’s life. It could be an Asian option depending on some average, a look-back option depending on the maximum or minimum, a barrier option which ceases to exist if a certain level is reached or not reached by the underlying, a digital option, range options, etc.
* It could depend on more than one index; as in case of a basket options, Himalaya options, or other mountain range options, outperformance options, etc.
* There could be callability and putability rights.
* It could involve foreign exchange rates in various ways, such as a quanto or composite option.

(A) PRM:
Actual Fee:
PRMIA allows for you to take one, two, three or all four exams at the same time. Payment by credit card is required for online registration, but alternate forms of payment are also accepted.
One Exam: US$150
Full Program: US$395
Scholarship Program:
PRMIA also offers scholarship discounts of 30%.
Who is eligible to apply for the scholarship?
The candidates whose annual income is below US$25,000 and exam expenses are not being reimbursed by a third party.
Scholarship discounts may be claimed when registering for the exam.
Are any other Discounts Available?
Discounts are available for companies or institutions that wish to enroll 10 or more candidates in any part of the program. The candidates need not sit at the same time, and your group will have up to one year to use the testing slots purchased. Contact support@prmia.org to learn more.

In the preceding post we talked about job as a financial analyst.
Today we discuss Risk Management as a career.
Overview Risk Management:
Within the financial services industry, risk management involves assessment and quantification of business risks, and then taking measures to control or reduce them.
Educational requirements:
To work in risk management, a bachelor’s degree is the bare minimum, often an MBA also is preferred. Strong quantitative skills are a must.Certifications like the PRM or FRM provide the necessary backing to your resume. A globally recognized certification program puts employees on the same footing. Organizations consider them as a means to ensure that everyone in particular job groups or functions has the same level of experience, knowledge, and ability.

Hi,
Greetings from Pristine!
PRM certification has generated huge interest among the students and market practitioners who wish to enhance their career opportunities in Risk Management. Being an authorized trainer for PRM certificate, we receive a lot of queries on regarding careers prospect in Risk Management and how to tackle the Exam. To resolve such queries, Pristine is conducting two hours seminars for the same. The seminar would be presented by Mr. Dinesh Chaudhary, who has a vast experience in Risk Management, has cleared PRM and holds an award of distinction for Top Score in PRM 2009 Exam.