Projct Report on ICICI

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Summer training Report of ICICI

Text of Projct Report on ICICI

PROJECT REPORT ON

CHANNEL DEVELOPMENT OF TIED AGENCY OFICICI PRUDENTIAL LIFE INSURANCE COMPANY

Submitted To: Submitted By:Dr. Vinod kumar Bishnoi KUMAR Reader, Haryana School of businesss MBA (2006-08) LOKESH

I.Market Orders:

Types of Orders

A market order is an order to buy or sell at the current exchange rate quotation. If unable to fill the order at the specified rate, you may receive a new price representing the current market rate. Market orders are usually filled in less than 10 seconds depending on market conditions. During heavier market conditions, market orders are typically processed in less than thirty seconds. Clients often do not wait more than thirty seconds in order to have their trade confirmed or to receive a market has moved message. Entry Orders: An entry order is an order that is executed when a particular price level is reached and/or broken. These orders will remain in effect until the client cancels the order. Stop Entry Orders: Stop entry orders are executed when the exchange rate breaks through a specific level. The client placing a stop entry order believes that when the market's momentum breaks through a specified level, the rate will continue in that direction. Limit Entry Orders: Limit entry orders are triggered when the exchange rate touches a specific level. The client placing a limit entry order believes that after touching a specific level, the rate will bounce in the opposite direction of its previous momentum. Stop-Loss Order: A stop-loss is an entry order linked to a specific position for the purpose of stopping the position from accruing additional losses. A stop-loss order placed on a Buy position is a stop entry order to Sell linked to that position. A stop-loss order remains in effect until the position is liquidated or the client cancels the stop-loss order. The execution of a stop-loss order may involve a degree of slippage, depending on market conditions. Limit Order: A limit order is a limit entry order linked to a specific position for the purpose of locking in the gains on an existing position. A stop-loss order placed on a Buy position is a stop entry order to Sell that position. A stop-loss order remains in effect until the position is liquidated or the client cancels the stop-loss order.

II. III.

Forex

The Cash Foreign Exchange Market

Trading the Foreign Currency Market for Greater Investment Opportunities IV. What is Forex?

The Forex market is a cash inter-bank or inter-dealer market established in 1971 when floating exchange rates began to materialize. The simplest definition of foreign exchange is the

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changing of one currency to another. In comparison to the daily trading volume averages of $300 billion in the U.S. Treasury Bond market and the less than $10 billion exchanged in the U.S. stock markets, the Forex market is huge; in September 1992 The Wall Street Journal estimated the trading volume at $1 trillion per day. Today, it is believed to have grown in excess of $1.5 trillion per day. The most important foreign exchange activity is the spot business between the dollar and the four major currencies (British Pound, Eurodollar, Swiss Franc, and Japanese Yen). Participants in the market consist of five main groups: central banks, commercial banks, other financial institutions, corporate customers, and brokers. But Forex is not a "market" in the traditional sense. There is no centralized location for trading activity as there is in currency futures. Trading occurs over the telephone and through computer terminals at hundreds of locations worldwide.

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CFDs

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What are CFDs Our CFD Account How CFDs Work Range of Markets Margin and Payments Types of Order Market Information What is Spread Betting Our Financial Spread Betting How Spread Betting Works Range of Markets Margin and Payments Types of Order

Financial Spread Betting

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o

Market Information

Open an Account Our Charges Trading Demo Seminars

Financial Spread Betting Types of OrderThis section details the various order types available. Orders can be placed online and by telephone and it is possible to leave orders to be executed once your price condition has been met. It is important to understand exactly what conditions affect the execution of orders (see Important information regarding orders and/or contact the Customer Services Team). Orders broadly fall into two categories; Limit orders and Stop orders.

Limit orders Limit orders are orders which are placed at a better price to you than the prevailing price. For example, an order to buy at a price below the current price or sell at a price above the current price. Unless attached to an open position, they will be active unless executed or removed.

Stop orders These are orders which are placed at a worse price than the prevailing price. For example, an order to buy at a higher price than the current price or sell at a lower price than the current price. Stop orders are often used to limit possible losses known as Stop Loss orders which are attached to an open position but can be used to open new positions at market points which may see a reversal of recent trends. Unless attached to an open position, they will be active unless executed or removed.

Stop Loss orders These are orders which are attached to open positions. If the order is executed, it will close all or part of the open position (crystallise a loss). If the open position is closed, the Stop Loss order is automatically cancelled.

Linked Limit order As the name suggests, these are Limit orders specifically attached to open positions. If the order is executed it will close all or part of the open position (crystallise a profit). If the open position is closed, the Linked Limit order is automatically cancelled.

One Cancels the Other order OCO orders (One Cancels the Other) allow you to link a Stop Loss order and a Limit order to an open position. This is generally used to control possible losses with the Stop Loss order and take possible profits with the limit order. If one of the orders is executed, the open position is closed

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and the remaining order is automatically cancelled. OCO orders can also be used to link two opening orders.

Guaranteed Stop Loss orders These are Stop Loss orders where the agreed level will be the price at which the order is executed regardless of any gapping (see Important information regarding orders) in the market or TD Waterhouse Financial Spread Betting trading hours. An additional spread or charge (Limited Risk Premium) is charged (on opening the bet) in connection with a Guaranteed Stop Loss order.

Important information regarding orders Orders are monitored and executed on the basis of the TD Waterhouse Financial Spread Betting quote (known as our quote), e.g. a Stop Sell order would be triggered for execution when our bid price meets the trigger price. We will then execute at the next price available in the underlying instrument. For reasons as outlined, the execution price of an order may be different to the specified trigger level. This is known as gapping in the professional markets and is a risk which falls on the customer. Generally, this does not occur or the price difference is small, however there are circumstances when the execution price may be quite different to the specified level as follows; (i) If the underlying instrument is experiencing a period of very poor liquidity or high volatility. This can occur particularly around the release of key market statistics or company announcements. (ii) Orders are only monitored and executed during TD Waterhouse Financial Spread Betting market trading hours (not necessarily underlying market trading hours). In the case of markets which continue to operate outside of TD Waterhouse Financial Spread Betting hours we will execute any triggered orders at the first available price in our opening hours, which may be substantially different to the order level. However, if the market has moved beyond the trigger level and returned by the time that TD Waterhouse Financial Spread Betting re-opens, the order will not be executed. Orders that are left on the basis of Our Quote on markets which TD Waterhouse Financial Spread Betting quote as Grey Markets (i.e. those we quote outside of the hours of the underlying market) will be executed if the out-of-hours price reaches your order trigger level. The TD Waterhouse Financial Spread Betting price for such Grey Markets is determined by TD Waterhouse Financial Spread Betting in the light of prevailing, related markets (e.g. the US markets may determine the Grey Market FTSE price). Orders which are left to open a position are subject to normal credit procedures. If an order to open were to result in additional margin being required, the trade may not be opened at the absolute discretion of TD Waterhouse Financial Spread Betting. Equally Stop Loss orders may not be moved, at the absolute discretion of TD Waterhouse Financial Spread Betting, if it were to result in a margin call. Obviously this section does not detail every aspect of Financial Spread Betting with TD Waterhouse Financial Spread Betting. For full information, please refer to our Market Information Sheets and Terms of Service.

The web pages within this area are issued by TD Waterhouse CFDs and TD Waterhouse Financial Spread Betting which are trading names of City Index Limited (CI), who is a provider of contracts for difference (CFD) trading and financial spread betting and whose head and registered office is Moorgate Hall, 155 Moorgate, London, EC2M 6XB. For the purposes of CFD trading and financial spread betting any contract is between you and CI a