Fullscreen

Forum Views - October 2023

Welcome to interactive presentation, created with Publuu. Enjoy the reading!

BOMBAY STOCK EXCHANGE BROKERS' FORUM (BBF) | MUMBAI, INDIA

OCTOBER 2023 | VOLUME: 12 • ISSUE NO. 7 •

Quantitative Modeling Risks Digital Asset Custody Enhancing Employee Engagement

Lead Generation for Small Businesses Social Selling in Modern Sales Strategies

Good Loans & Bad Loans New Digital Personal Data Protection Law Compliance for Stock Broking Firms

To Be or Not to Be an Entrepreneur Gold will retain its Allure

Investment Decisions Investing in Personal Branding Strategically harnessing Well Known Trade Marks

DR. THOMAS MURPHY

COLIN PARRY

IRINA MITROFANOVA

JENNIFER R GLASS

NWAMAKA UDENIGWE

ANIRBAN GHOSH

PUNEET BHASIN

KIRTY DATAR

DR. MADHAVANKUTTY G.

CA SARITA MEHRA PANDEY

SHALINI SANKAR

LAKSHMIDEVI SOMANATH

INSIDE:

IFSC restricted schemes

Sustainable wealth creation: an overview

Quasi contract

The vital connection

between spirituality

and wellness

FORUM VIEWS - OCTOBER 2023

FORUM VIEWS - OCTOBER 2023

EXECUTIVE COMMITTEE

GOVERNING BOARD MEMBERS

BOMBAY STOCK EXCHANGE BROKERS’ FORUM (BBF)

GOVERNING BOARD 2022 - 23

Anup Gupta

Sykes & Ray

Equities India Ltd.

Cyrus Khambata

Paytm

Money Ltd.

Madhavi Vora

ULJK Securities

Pvt. Ltd.

Naresh Rana

Vishwas Fincap

Services Pvt. Ltd.

Neeraj Choksi

NJ India

Invest Pvt. Ltd.

Nirav Gandhi

JM Financial

Services Ltd.

Nithin Kamath

Zerodha

Securities Pvt. Ltd.

Ajit Sanghvi

MSS Securities

Pvt. Ltd.

Parth Nyati

Swastika

Investmart Ltd.

S. P. Toshniwal

Sunlight

Broking LLP

HEMANT MAJETHIA

Vice Chairman | BBF

Ventura

Securities Ltd.

LALIT MUNDRA

Chairman | BBF

Suresh Rathi

Securities Pvt. Ltd.

HARIN MEHTA

Treasurer | BBF

M/S. V. C.

Mehta

KUSHAL A. SHAH

Jt. Secretary | BBF

Ratnakar

Securities Pvt. Ltd.

KISHOR KANSAGRA

Secretary | BBF

Pragya

Securities Pvt. Ltd.

Anurag Bansal

SMC Global

Securities Ltd.

Ashish Rathi

HDFC

Securities Ltd.

Dr. Pravin Bathe

Angel One Ltd.

Purav Fozdar

Axiom Share

Broking Pvt. Ltd.

Vivek Gupta

GEPL Capital

Pvt. Ltd.

Virender Mansukhani

Mansukh Securities

and Finance Ltd.

Uttam Bagri

BCB Brokerage

Pvt. Ltd.

Tejas Khoday

Fyers Securities

Pvt. Ltd.

Saurabh Jain

SSJ Finance &

Securities Pvt. Ltd.

Roopkishor Bhootra

Anand Rathi Shares &

Stock Brokers Ltd.

Santosh Jayaram

GROWW

FORUM VIEWS - OCTOBER 2023

FORUM VIEWS - OCTOBER 2023

Dr. Vispi Rusi Bhathena, PhD (h.c.)

Chief Executive Officer

Dr. V. Aditya Srinivas

Chief Operating Officer

and Chief Economist

FORUM VIEWS, OCTOBER 2023 edition

The Indian Economy is clearly showing its leadership among the world economies with the GDP coming

at 7.8% which is at 4 quarters high. The world economy growth is around 2.5% while the USA latest GDP

were at 1.3% and China at around 6%. The world is surely accepting India as the torch bearer for the

road ahead.

Indian Economy currently $ 3.75 trillion; by 2031 S&P projects that Indian economy may touch $ 6 to 7

trillion. India to become 3rd largest in world after USA and China.

F R O M

THE

BBF SECRETARIAT

Inflation which has raised its menacing head and is at 7.44% makes the case for worry as the Central

bank has indicated that if the inflation remains at elevated levels, then they would be forced to increase

the interest rates. Our Repo Rate has been kept constant at 6.5% for the 3 consecutive RBI Monetary

policy meet but the stand of the Central Bank is getting more cautious. USA Fed Reserve has already

increased its interest rates at 5.25% which is at 22 years, but they have also indicated that if the inflation

remains high then they would also be forced to increase the interest rates going ahead.

GST collections has been consistently above Rs. 1.5 lakh crores which shows that at the

grass root level the economy tends to show good strong footing and the economic activities picking up.

Indian stock markets are witnessing huge flows from domestic as well as foreign investors. The Indian

Mutual funds industry is also witnessing continuous monthly growth.

From

to You...

BBF

FORUM VIEWS - OCTOBER 2023

BBF conducted OVER 30 SEMINARS towards investor education and awareness

initiatives which were attended by MORE THAN 1500 participants.

BOMBAY STOCK EXCHANGE

BROKERS’ FORUM (BBF)

Policy Group Meeting

on Saturday, 16 September at the

Jade Garden Ball Room, Mumbai

FORUM VIEWS - OCTOBER 2023

10

Global

Insights

QUANTITATIVE MODELING RISKS,

FINANCIAL MARKETS, TECHNOLOGY, ML & AI?

22

Your Questions

Answered

IFSC RESTRICTED SCHEMES

WHOSE DOMAIN IS IT?

Disclaimer: This magazine is meant for information purposes only and does not constitute any opinion or guidelines or recommendation on any course of action to be followed by the reader(s). It is not intended to be used as trading or

investment advice by anybody and should not in any way be treated as a recommendation. The information contained in this magazine does not constitute or form part of and should not be construed as, any offer for purchase or sale of

any product or service. While the information in the magazine has been compiled from sources believed to be reliable and in good faith, readers may note that the contents thereof including text, graphics, links or other items are

provided without warranties of any kind. Bombay Stock Exchange Brokers' Forum (BBF) expressly disclaims any warranty as to the accuracy, correctness, reliability, timeliness, merchantability or fitness for any particular purpose, of

this magazine. Bombay Stock Exchange Brokers' Forum (BBF) shall also not be liable for any damage or loss of any kind, howsoever caused as a result (direct or indirect) of the use of the information or data contained in this magazine.

Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of this magazine or any part thereof without prior consent of Bombay Stock Exchange Brokers' Forum (BBF) is prohibited.

Concept, Production and Editorial: Dr. VISPI RUSI BHATHENA, PhD (h.c.)

Editor & Publisher: Dr. V. ADITYA SRINIVAS

Design & Layout: HARSHAD GAJERA

Printing Press: KSHITIJ PRINTERS, 49, Parsi Panchayat Road, Ashok Ind. Estate,

1st Floor, Andheri (East), Mumbai - 400 069

Write to us: We would be happy to hear from you! Do send in your suggestions, feedback and comments

via email to team@brokersforumofindia.com | Visit us: www.brokersforumofindia.com

BBF Steering Committee

(Chairman)

(Vice-Chairman)

(Secretary)

(Treasurer)

(Jt. Secretary)

Lalit Mundra

Hemant Majethia

Kishor Kansagra

Harin Mehta

Kushal A. Shah

Follow us on:

@bbfindia

/bbfindia

/Bsebrokersforum

/bbfindia

FORUM VIEWS - OCTOBER 2023

COMPLIANCE

CALENDAR

47

Regulatory

Compliance

AYURVEDIC WISDOM FOR RELIEVING CONSTIPATION:

A HOLISTIC APPROACH - PART 1

THE VITAL CONNECTION BETWEEN

SPIRITUALITY AND WELLNESS

Leadership,

Empowerment & Lifestyle

48

34 Feature

GOLD WILL RETAIN ITS ALLURE AND INDIANS’ TRYST

WITH THE YELLOW METAL WILL CONTINUE

THE 4’S OF SOFTENING YOUR INVESTMENT DECISIONS

INVESTING IN PERSONAL BRANDING: AN ASSET

FOR THE FUTURE, YIELDING RICH DIVIDENDS

STRATEGICALLY HARNESSING WELL-KNOWN

TRADEMARKS AND CULTIVATING BRAND

RESILIENCE AND BRAND EQUITY

SUSTAINABLE WEALTH CREATION: AN OVERVIEW

QUASI CONTRACT

26 Insights

MAKING INFORMED FINANCIAL CHOICES:

DISTINGUISHING BETWEEN GOOD LOANS

AND BAD LOANS

WHAT TO EXPECT DURING YOUR IVF PROCESS

52

Living Health

Matters

DIGITAL ASSET CUSTODY

REDUCING STRESS AND ENHANCING EMPLOYEE

ENGAGEMENT: KEY STRATEGIES FOR 2023

IMPORTANCE OF LEAD GENERATION

FOR SMALL BUSINESSES

THE ROLE OF SOCIAL SELLING

IN MODERN SALES STRATEGIES

THE NEW DIGITAL PERSONAL DATA

PROTECTION LAW COMPLIANCE FOR

STOCK BROKING FIRMS

THE DILEMMA - TO BE OR

NOT TO BE AN ENTREPRENEUR

FORUM VIEWS - OCTOBER 2023

10

FORUM VIEWS - OCTOBER 2023

Introduction

Widespread turmoil in the financial markets in 2008 was

quickly followed by accusations of greed and

mismanagement. Risky trading schemes and complex

valuation models involving credit default swaps (CDS),

collateralized mortgage obligations (CMO), collateralized

debt obligations (CDO), and other complex structures were

blamed. A massive government bailout in the banking and

insurance industries was necessary, including at insurance

giant AIG, to prevent a total financial meltdown. These

systemic institutions were deemed too big to fail. The

financial news was quick to say that another round of black-

box quant models and risky derivatives had blown up Wall

Street. How did this happen? Could it have been prevented?

Who is liable? These questions are still being asked, with

concerns about future market disruptions.

This paper is focused on derivatives and model risk.

Quantitative finance is my area of expertise, and I work in

litigation support and with companies to help clarify issues

involving valuation, risk, and strategy. This specialty is

multidisciplinary, involving engineering, quantitative

finance, and technology commercialization law. I am

thankful to my doctoral advisors at the College of Law and

the Whitman School of Management at Syracuse

University who allowed me to pursue my passion where

these disciplines interact, and to the DuPont Company and

General Electric for 14 years of industry experience before

graduate school, this made all the difference.

Options, futures, and other derivative securities are

essential elements of modern finance and can reduce risk

when properly applied. Derivatives are embedded in

financial assets, tangible and intangible property,

structured products, trading and hedging strategies, and

contracts that have flexible terms and conditions. Real

options occur naturally as flexibility and growth

opportunities that can be exercised over time in an

environment of uncertainty.

Derivatives

QUANTITATIVE MODELING RISKS,

FINANCIAL MARKETS, TECHNOLOGY, ML & AI?

Dr. Thomas Murphy

Ph.D., JD, MBA, Chemical Engineer

Valuation Risk & Strategy, LLC

Insurance can be modeled as a put option having an

exercise price equal to the face value of the policy. Any loss

in value of the asset is covered by an increase in value of the

put option. Reinsurance contracts, commonly known as

excess-of-loss contracts, are combinations of long and

short call option positions on layers of potential losses.

Manufacturing companies often rely on the futures market

to lock-in raw material costs, and real options exist in the

flexible operation of physical equipment. An oil refinery

having flexibility to switch inputs and outputs has an

embedded real option to switch when heating oil is in

greater demand than gasoline. Flexibility increases the

value of every asset under conditions of uncertainty. Long-

term contracts contain option-like features, including

volumetric swing components when demand is uncertain.

Contract prices can be tied to an index, or a basket of

Options, futures, and other

derivative securities are essential

elements of modern finance and

can reduce risk when properly

applied. Derivatives are

embedded in financial assets,

tangible and intangible property,

structured products, trading and

h e d g i n g s t r a t e g i e s , a n d

contracts that have flexible terms

and conditions.

(Skaneateles, New York, USA)

Global Insights

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56