GALGOTIAS UNIVERSITY SCHOOL OF FINANCE AND COMMERCE WEBINAR SESSION 9th AUGUST, 2020
Speaker- Mr. Neelesh Jha, Asst. Vice-President- Credit Suisse
The term derivatives, refers to a broad class of financial instruments which mainly include forward, future and options. These instruments derive their value from the price and other related variables of the underlying asset. They do not have worth of their own and derive their value from the claim they give to their owners to own some other financial asset or security.
As part of financial market reforms, new instruments and financial reengineering have been introduced in India since 1991. One area where the growth and innovation is slow is in the introduction of derivatives. Since its beginning in June 2000, derivatives market has exhibited exponential enlargement both in terms of volume and number of traded contacts.
School of Finance and Commerce invited Mr. Neelesh Jha, Assistant Vice President- Credit Suisse, to present a webinar on Derivatives for the benefit of the students and university fraternity. Mr. Jha has about a decade of experience in the financial industry dealing with clients from all backgrounds in organizations such as Tata Consultancy Services, Markit, Ecerlex Services Limited etc.
The webinar commenced with welcoming of guests and dignitaries by Dr. Salim Shamsher, Dean, SFC and presentation the profile of the speaker to the audience by MBA student Ms. Neha Tabasumm.
Mr. Jha started the talk with the meaning of financial derivatives, its uses. He presented broad overview of all major type of financial derivative instruments like- forward/ future contracts, option and swaps and credit derivatives. Mr. Jha discussed the optimal scenarios for business as well as markets to deal with the global crisis like subprime crisis of 2008 and others that has severely hampered the development of numerous economies, thereby affecting the profitability of businesses and stakeholders all around.
The Dean SFC, Advisor to SFC, Deans of other schools, large number of faculty members of SFC and various other schools, students from all 5 programs of the school, and many external faculty members participated in the webinar. The session was throughout interactive and many questions were put by students as well as faculty members.
At the end a vote of thanks was proposed by Dr. Arvind Sinha on behalf SFC to the speaker, dignitaries, students and faculty members for cooperation extended in making it a successful event. The event would not have been successful without the sincere effort put in by the Co-curricular team volunteers in organizing the event.