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FRM, PRM & CFA Trainings

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Top 10 reasons to join Pristine

1. 2. 3. 4. 5. 6. 7. 8. Trained over 500 students for CFA/FRM/PRM in 2008 in Delhi, Mumbai, Chennai, Bangalore and Online. Finance practitioner FRM/CFA certified faculty with educational background of IIT/IIMs Separate faculty for each subject with related experience in the given subject. Online (over 1500 questions) Tests & Mock Tests. Doubt clearing sessions after the trainings. Detailed and Time line framed course Pedagogy, Study material covering the complete syllabus of FRM/PRM/CFA 20% discount for a group of 5 or more students for all Courses. Recognizing and Rewarding meritorious students through Pristine Unique Scholarship program (USP) offering Rs 5,000 to toppers; General Scholarship programs for Star performers. 9. Customized courses for different working professional, Quick start course for starters, Beginners Courses for novice, Advanced Courses for professionals. 10. Online Videos on difficult Topics & Solved examples Exercises.

Reduce your Exam Preparation Time from 300 hrs to 150 hrs
FRM 20 hrs Quick Start Course in Mumbai starting in Mar CFA 120 hrs Comprehensive Trainings starting in Feb FRM 100 hrs Comprehensive Trainings starting in April, subsequnt batches in May, June, July & August PRM Online Self Study Web Tutorials - Now Available

TABLE of CONTENTS

FRM Exam Trainings............3

PRM Comprehensive Web Tutorials...5

CFA Level 1 Trainings......7

Pristine Offerings.............9

FRM Trainings..Mumbai, Delhi, Chennai, Pune, Kolkata, Bangalore, Hyderbad, Singapore & Online
The Financial Risk Manager (FRM) is the premier certification recognized among financial risk professionals worldwide. FRM exam is conducted by Global Association of Risk Professionals (GARP). Members represent over 100 countries and are working in regional and global banks, asset management firms, insurance companies, central banks, securities regulators, hedge funds, universities, large industrial corporations and multinationals.

International Recognition
FRM Certification is globally recognized and accepted benchmark for competency in financial risk management. GARP is a not-for-profit association consisting of 66,820 members from over 100 countries.

Career Opportunities
The increasing awareness about Enterprise Risk Management in the Corporate Industry & Financial Institutions and Basel Implementation in Banks has created ample job opportunities for Risk Management professionals. A certified FRM has opportunity to work with Investment Banks, Commercial Banks, Asset Management Firms, Insurance Companies, Securities Regulators, Hedge Funds, Universities, Large Corporations, Multinationals and Credit Rating Firms.

Participants
Finance Professionals from Investment Banks, Commercial Banks, Mutual Funds, Insurance Companies, Hedge Funds, Large Corporations, Multinationals and Credit Rating Firms. Seasoned professionals wishing to add to their investment arsenal, research analysts, risk managers, portfolio managers, etc. Students & working professionals looking for entry in risk management industry.

The Structure of the Exam

The exam will be held in 2 Saturday of November 2009 Its a 5-hrs exam, split into two sections of 2.5 hrs each, with approximately 140 multiple choice question exam. Questions are clubbed together for all five categories, i.e. Quantitative Analysis, Market Risk, Credit Risk, Operational, Integrated Risk & Legal, Accounting & Ethics and Risk Management and Investment Management. The exam is a percentile based exam and there is a sectional cutoff for all the subjects, thus its necessary to pass in all the 5 subjects. There is no negative marking.
nd

Pristine Offerings
A reasonable estimate to prepare for the exam is 300 hrs, Pristine has designed Exam-focused Classroom trainings & Comprehensive reading material to speedup your preparation which can reduce exam preparation time from 300 hrs to 150hrs. 1. Pristine 20 hrs Quick Start Course: for students who want to start early with basics of Quants, Market Risk & Credit Risk. 4 days classes over 2 weekends in Mumbai on March 7,8,14,15. The Course includes FRM Begineers Course material, Fees Rs 4000, 50% of the fees will be adjusted in Classroom Trainings. 2. Pristine FRM Beginners Course Material: Students who want to start early, can enroll for the Comprehensive Study Material including Presentations (for all subjects), Question Banks (1500 Online Questions), Summarized Material and Complete guidance on How to prepare for the Exam. Fees Rs 2,500, will be adjusted in Classroom Trainings Pristine FRM 100 hrs Comprehensive Trainings: Starting in Mumbai on April 4,5,11,12,18,19,25,26, May 2,3,9,10; Subsequent batches in May, June , July & August in Mumbai, Delhi, Chennai, Pune, Kolkata, Bangalore, Hyderabad, Singapore & Online. 60 hrs - 12 days classroom trainings over 6 weekends; 40 hrs of Online tests & Mock tests; Fees Rs 12,950/person

3.

To enroll for the course Call 9322194932,

Email: pristinecareers@eneev.com

Website: www.pristinecareers.com

Topics covered in Trainings & Course Material

1. Quantitative Analysis : Day 1 & 2
1. Probability, Random variables, Probability distributions (discrete and continuous; Marginal and Joint): Understanding their significance and application in risk measurement and management Skewness, and Kurtosis Correlation and Regression Statistics including sampling theory and hypothesis testing. Monte Carlo Simulations, Cholesky decomposition, Brownian motion, Weiner Process, Taylor Series, Extreme Value Theory Estimation of Volatility & Quantifying Volatility in VAR Models including EWMA and GARCH model

4. Operational Risk : Day 10

1. 2. Overview of Basel Accord Economic Capital & RAROC

5. Credit Risk: Day 11 & 12

2. 3. 4. 5.

1.

2.

6.

2. Market Risk: Day 3, 4, 5 & 6

1. Bonds Valuation a. Bond markets, Bond pricing & Bonds volatility b. Yield measure & Yield Curve Analysis Foreign Exchange Risk & Interest rate Risk Options, Futures and other derivatives a. Derivatives on fixed-income securities, interest rates, foreign exchange, equities, and commodities b. Derivatives pricing using Binomial tree, Black Scholes, Monte Carlo Simulation etc. c. Understanding option Strategies & Greeks d. Pricing & risk analysis of Fixed Income instruments and fixed income derivatives Hedging Linear risks: hedging with futures , minimum variance ratio, distributions Non Linear Risks: hedging with options , partial derivatives, distributions Complex Derivatives Value at Risk a. Methods: Historical simulation, Delta-normal and MCS b. Tools : Marginal, Incremental and Component VAR from measuring to managing risks 3.

2. 3.

4. 5.

4. 5. 6. 7.

6.

7.

Internal and External Ratings a. Rating transition matrix b. ROC, Gini Coefficient, Stability index etc. c. TTC vs. ATP approach Individual borrower Credit Risk a. Estimation of parameters like PD, LGD and EAD b. Calculation of individual obligors Expected Loss (EL) and Unexpected Loss (UL) c. Understanding and calculation of survival probability, hazard rates, marginal and cumulative default probability Portfolio Credit Risk a. Calculation of portfolio EL, UL, RC, Credit VaR and Economic capital b. Understanding and estimation of Joint default probabilities, asset and default correlation Counterparty risk, Sovereign risk Credit Risk Models a. Structural models: Moodys KMV, Merton model (including application of option pricing theory in valuation of market value of equity and debt), Credit Metrics b. Intensity models c. Other models including actuarial models d. Credit Scoring Models for retail portfolios Credit derivatives a. Single-name: Understanding CDS, CLN, TRS and Credit Spread options b. Multiple-names: Understanding Basket CDS, Nth-to-default swaps and CDO c. Valuation of CDS and CDO d. Risk management and capital requirement Securitization & Mortgage back Securities

3. Investment Management: Day 9

1. 2. Portfolio Theory Performances Analysis

Disclaimer: Global Association of Risk Professionals, Inc. (GARP) does not endorse, promote, review or warrant the accuracy of the products or services offered by Pristine of FRM related information, nor does it endorse any pass rates claimed by the provider. Further, GARP is not responsible for any fees or costs paid by the user to Pristine nor is GARP responsible for any fees or costs of any person or entity providing any services to Pristine Study Program. FRM, GARP and Global Association of Risk Professionals, are trademarks owned by the Global Association of Risk Professionals, Inc

PRM Exam

.Comprhensive Web Tutorisls & Trainings in Mumbai, Delhi, Chennai, Pune, Kolkata, Bangalore

Professional Risk Management (PRM) is a series of evaluation exams, designed for the development of professional risk managers. The exam is endorsed by Leading Universities across the world- National University of Singapore, The Hong Kong University of Science and Technology, The University of Toronto, Institute for Mathematical Finance, The Macquarie University and the University of California.

International Recognition
PRM Exam is endorsed by Professional Risk Managers International Association with over 40,000 members from more than 175 countries and is considered as global standard for risk management professionals.

Career Opportunities
Risk is emerging as an area of great concerns for financial institutions and corporate. There is a huge demand for professionals in the area of risk and the talent and skills are scarce. A certified PRM have requirements with Investment Banks, Commercial Banks, Asset Management Firms, Insurance Companies, Securities Regulators, Hedge Funds, Universities, Large Corporations, Multinationals and Credit Rating Firms.

Participants
Finance Professionals from Investment Banks, Commercial Banks, Mutual Funds, Insurance Companies, Hedge Funds, Large Corporations, Multinationals and Credit Rating Firms. Seasoned professionals wishing to add to their investment arsenal, research analysts, traders, risk managers, portfolio managers, etc. Students & working professionals for entry in risk management industry

The Structure of the Exam

The exam is computer-based and consists of 200 multiple choice questions. The exams can usually be taken on any business day of the year. Results are available within 15 business days after the exam has been taken. Candidates are required to pass four exams (Finance Theory, Financial Instruments and Markets, Mathematical Foundations of Risk Measurement, Risk Management Practices and Case Studies) to be awarded the PRM designation. Students can choose to take the complete PRM exam in one sitting or in four separate modules, which can be taken in any order over a period of up to two years.

Pristine Offerings
PRM Handbook is a suggested reading for preparing for the Exam. A reasonable estimate to prepare for each exam would be 75 hrs, depending on an individual's academic background and work experience. You will need more than just a set of notes/assigned reading to pass the exam. 1. Pristine PRM Comprehensive Web Tutorials: For Students who want to prepare on their own, we provide a Comprehensive Study Material including Presentations (for all subjects), Question Banks (500 Online Questions), Mock Tests, Summarized Material and Complete guidance on How to prepare for the Exam. Fees Rs 5000 (Including Taxes). 2. Pristine PRM Classroom & Online Trainings: staring in April 09, Exam-focused trainings to speed up your exam preparation by covering the major topics in trainings, which can reduce your exam preparation time from 300 hrs to 150hrs.

For Demo of PRM Comprehensive Web Tutorials visit www.pristinecareers.com

To enroll for the course Call 9342734627

Topics covered in Trainings & Course Material

Section I - Finance Theory, Financial Instruments & Markets A Finance Theory I.A.1 Risk and Risk Aversion I.A.2 Portfolio Mathematics I.A.3 Capital Allocation I.A.4 The CAPM and Multifactor Models I.A.5 Basics of Capital Structure I.A.6 The Term Structure of Interest Rates I.A.7 Valuing Forward Contracts I.A.8 Basic Principles of Option Pricing

Section III Risk Management Practices III.0 Capital Allocation and Risk Adjusted Performance

A Market Risk III.A.1 Market Risk Management III.A.2 Introduction to Value at Risk Models III.A.3 Advanced Value at Risk Models III.A.4 Stress Testing

B Credit Risk III.B.1 Credit Risk Management

B Financial Instruments I.B.1 General Characteristics of Bonds I.B.2 The Analysis of Bonds I.B.3 Futures and Forwards I.B.4 Swaps I.B.5 Vanilla Options I.B.6 Credit Derivatives I.B.7 Caps, Floors & Swaptions I.B.8 Convertible Bonds I.B.9 Simple Exotics

III.B.2 Foundations of Credit Risk Modelling III.B.3 Credit Exposure III.B.4 Default and Credit Migration III.B.5 Portfolio Models of Credit Loss III.B.6 Credit Risk Capital Calculation

C Operational Risk III.C.1 The Operational Risk Management Framework III.C.2 Operational Risk Process Models III.C.3 Operational Value-at-Risk

C - Markets I.C.1 The Structure of Financial Markets I.C.2 The Money Markets I.C.3 The Bond Market I.C.4 The Foreign Exchange Market I.C.5 The Stock Market I.C.6 The Futures Market Section II Mathematical Foundations of Risk Section IV Case Studies

I. II. III. IV. V. VI.

Barings NAB-FX Options Bankgesellscaft Berlin Riggs Bank Continental Illinois/ PenSquare Credit Lyonnais US S&L Crisis LTCM Bankers Trust Orange County Daiwa California Power Crisis Metallgesellschaft World Com

II.A Foundations II.B Descriptive Statistics II.C Calculus II.D Linear Algebra II.E Probability Theory in Finance II.F Regression II.G Numerical Methods

VII. VIII. IX. X. XI. XII. XIII. XIV.

CFA Trainings

..in Mumbai, Delhi, Kolkata & Singapore

The CFA Program is a graduate-level program for investment professionals-especially security analysts, money managers and investment advisors. Established in 1962, the CFA Program set the global standard for investment knowledge, standards and ethics. The three-year program requires you to study for and pass three levels of exams. If you pass the exams and meet other requirements, you earn a CFA charter.

Career Opportunities
Investment banking is emerging as an area in finance, A certified CFA have requirements with Investment Banks, Commercial Banks, Asset Management Firms, Insurance Companies, Securities Regulators, Hedge Funds, Universities, Large Corporations, Multinationals and Credit Rating Firms.

Participants
Finance Professionals from Investment Banks, Commercial Banks, Mutual Funds, Insurance Companies, Hedge Funds, Large Corporations, Multinationals and Credit Rating Firms. Seasoned professionals wishing to add to their investment arsenal, research analysts, traders, risk managers, portfolio managers, etc. Students & working professionals for entry in investment banking & equity research industry

The Structure of the CFA Exam

The Level 1 study program emphasizes on tools and inputs, in addition to an introduction to asset valuation and portfolio management techniques. The exam is computer-based and consists of 240 multiple choice questions, 120 on the morning session of the exam and 120 on the afternoon session with no negative marking. The Level 2 study program emphasizes on asset valuation, as well as applications of the tools and inputs in asset valuation. The Level 3 study program focuses on the portfolio management process and emphasizes the application and synthesis of the methodologies utilized in Levels 1 and 2 consulting, and/or risk technology. Minimum length of time taken to sequentially pass all three exams: 1.5 years Average number of years candidates take to earn CFA charter: 4 years Recommended number of hours of study for each exam level: A minimum of 300 hours of study

Pristine Offerings
CFA Exam is a very tough exam; a reasonable estimate to prepare for the exam would be 300 hours. Depending on an individual's academic background and work experience, preparation for the exam would take approximately 3 to 4 months. In reality, you need to spend nearly every weekend between February to May to prepare for the exam. Pristine has designed Exam-focused Classroom trainings & Comprehensive reading material to speedup your preparation process which can reduce your exam preparation time from 300 hrs to 150hrs. Pristine CFA (Level 1) - 120 hrs Comprehensive Classroom Trainings in Mumbai, Delhi & Kolkata 80 hrs - 14 days classroom trainings over 7 weekends; CFA Certified Faculty drawn from IIT/IIMs st 1 batch in Mumbai staring on Feb 14, 15, 21,22,28, Mar 1,7,8,14,15,21,22,28,29

40 hrs of online questions tests & mock tests; Online Solved Examples & Practice Exercises Trainings Fees: Rs 13,950 /person; 20% discount for a group of 5 or more students

For Registration: Call us at 09342734627

Email: pristinecareers@eneev.com

Website: www.pristinecareers.com

Topics covered in Trainings & Course Material

1. Quantitative Methods : Day 1 & 2 I. II. III. IV. V. VI. VII. VIII. IX. 2. I. II. III. IV. V. VI. VII. VIII. IX. X. XI. XII. 3. I. II. III. IV. V. VI. VII. VIII. IX. X. XI. XII. XIII. Time Value of Money Probability & Probability Distributions Descriptive Statistics Sampling and Estimation Hypothesis Testing Correlation Analysis and Regression Time Series Analysis Simulation Analysis Technical Analysis Economics : Day 3 & 4 Market Forces of Supply and Demand The Firm and Industry Organization Measuring National Income and Growth Business Cycles The Monetary System Inflation International Trade and Capital Flows Currency Exchange Rates Monetary and Fiscal Policy Economic Growth and Development Effects of Government Regulation Impact of Economic Factors on Investment Financial Reporting & Analysis: Day 5,6,7,8 Financial Reporting System (IFRS and GAAP) Principal Financial Statements Financial Reporting Quality Analysis of Inventories Analysis of Long-Lived Assets Analysis of Taxes Analysis of Debt Analysis of Off-Balance-Sheet Assets and Liabilities Analysis of Pensions, Stock Compensation, and Other Employee Benefits Analysis of Inter-Corporate Investments Analysis of Business Combinations Analysis of Global Operations Ratio and Financial Analysis I. II. III. IV. V. VI. VII. VIII. Types of Fixed-Income Securities Fixed-Income Markets Fixed-Income Valuation & Return Analysis Term Structure Determination and Yield Spreads Analysis of Interest Rate Risk Analysis of Credit Risk Valuing Bonds with Embedded Options Structured Products 5. I. II. III. IV. V. VI. VII. VIII. IX. X. XI. XII. XIII. 6. I. II. III. IV. Portfolio Mgt & Wealth Planning : Day 10 Portfolio Concepts Pension Plans and Employee Benefit Funds Investment Manager Selection Mutual Funds, Pooled Funds, and ETFs Economic Analysis and Setting Capital Market Expectations Tax Efficiency Asset Allocation (including Currency Overlay) Portfolio Construction and Revision Equity Portfolio Management Strategies Fixed-Income Portfolio Mgt Strategies Alternative Investments Mgt Strategies Execution of Portfolio Decisions (Trading) Performance Evaluation Equity Investments: Day 11 Types of Equity Securities and their Characteristics Equity Markets: Characteristics, Institutions, and Benchmarks Fundamental Analysis (Sector, Industry, Company) and the Valuation of Individual Equity Securities Equity Market Valuation and Return Analysis

7.

Fixed Income: Day 12

8 &9. Derivatives & Alternative Investments Day 13

4. Corporate Finance: Day 9

I. II. III. IV. V. VI. VII.

Corporate Governance Dividend Policy Capital Investment Decisions Business and Financial Risk Long-Term Financial Policy Short-Term Financial Policy Mergers and Acquisitions and Corporate Restructuring

I. II. III. IV. V. VI. VII. VIII. IX. 10. I. II.

Types of Derivative Instruments and their Characteristics Forward & Future Markets and Instruments Options & Swaps Credit Derivatives Markets and Instruments Real Estate , Private Equity/Venture Capital Hedge Funds Closely-held Companies and Inactively Traded Securities Distressed Securities/Bankruptcies Commodities & Tangible Assets with Low Liquidity Ethics: Day 14 Professional Standards of Practice Ethical Practices

 The FRM preparation can be considered complete only after a walk through of the major course areas is done with the guidance of experts in the field. The PRISTINE FRM course is one such opportunity and I consider myself lucky to have them at the right time. The course is a must if you want your laborious preparations to bear fruit. AGM Treasury Middle Office, with a leading private Bank in India. The coaching classes conducted by PRISTINE for FRM 2007 have helped me immensely in passing FRM exam. The classes were simple, lively and conducted by practicing finance professionals. Open discussions helped in understanding and remembering many of the concepts. Senior Manager of a leading Public Sector Bank.

Pristine Offerings
FRM 20 hrs Quick Start Course FRM Beginners Course Material PRM Comprehensive Web Tutorials 100 hrs - PRM / FRM Trainings starting in April in Mumbai, Delhi, Chennai, Bangalore, Pune, Hyderbad & Kolkata 120 hrs - CFA Trainings starting in Feb: 14, 15, 21,22,28 & Mar: 1,7,8,14,15,21,22,28 &29 in Mumbai, Delhi & Kolkata

Why Pri sti ne?

Pristine is a financial training institute started by graduates from premiere institutes like IIMs, IITs and SIBM with diversified experience in financial sector. Pristine is also an authorised Course Provider for the FRM Exam training. Market practitioner faculty: Our Faculty comprises of professionals working in area of Risk Management, Investment Banking, Private Equity and Basel Implementation. Their educational background of IIT/IIM and innovative teaching methodology makes them capable of delivering involved discussions. Teaching Methodology: Even though our immediate target would be to help the participants to clear the FRM, PRM or CFA exam, we believe that our teaching methodology would prepare our participants to practically apply theoretical concepts and be a better fit in the finance industry. Our Faculty helps the Candidates to understand the difficult concepts using case studies, presentations, classroom exercises and examples and give their practical insights on difficult topics. Previous Engagements : Our previous trainings have attracted working professionals and students from leading banks, financial institutions & colleges like
RBI Kotak BNP Paribas SBI Morgan Stanley Lehman Brother PNB Reliance Capital Citicorp ICICI Bank Calyon Bank Barclays Capital HDFC Bank I Flex Narsee Monjee Yes bank NSE/BSE IIT/IIM

Current Offerings
1. Pristine 20 hrs Quick Start Course: The Course includes FRM Begineers Course material, Fees Rs 4000 /person; 20% discount for a group of 5 or more students, 50% of the fees will be adjusted in Classroom Trainings. 2. 3. 4. Pristine FRM Beginners Course Material: Fees Rs 2,500 adjusted in FRM classroom trainings starting in April. Pristine PRM Comprehensive Web Tutorials: Fees Rs 5000 adjusted in PRM classroom trainings starting in April. Pristine CFA (Level 1) - 120 hrs Comprehensive Classroom Trainings in Mumbai, Delhi & Kolkata, starting on Feb 14, 15, 21,22,28, Mar 1,7,8,14,15,21,22,28,29; Fees : Rs 13,950 /person; 20% discount for a group of 5 or more students 5. Pristine FRM 100 hrs Comprehensive Trainings in Mumbai, Delhi, Chennai, Kolkata, Bangalore, Pune & Hyderabad Starting in April 4,5,11,12,18,19,25,26, May 2,3,9,10; Fees : Rs 13,950 /person; 20% discount for a group of 5 or more students.

For Registrations

Visit www.pristinecareers.com or mail us at atul@eneev.com; pawan@eneev.com; pristinecareers@eneev.com;

Call us at Pawan Prabhat +91 98676 25422; Atul Kumar: +91 93221 94932; Sarita Chand: +91 93427 34627;

For free Demo of the CFA, PRM and FRM courses Visit www.pristinecareers.com