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INTRODUCTION

Definitions
Each country has its own currency through which both national and international transactions are performed. All the international business transactions involve an exchange of one currency for another
Scope of the study

* The study can help in analyzing Growth in currency derivatives. * Companies are looking to get a competitive edge * Quick returns are possible for short term profits in currency derivatives * Future growth of currency derivatives
OBJECTIVES OF STUDY

* OBJECTIVES OF THE STUDY
The basic idea behind undertaking Currency Derivatives project to gain knowledge about currency future market.

* To study the basic concept of Currency future * To study the exchange traded currency future * To understand the practical considerations and ways of considering currency future price. * To analyze different currency derivatives products.

Limitations of the Study

Every study is bound by limitations and as such this is no exceptions. 1. The analysis was purely based on the secondary data. So, any error in the secondary data might also affect the study undertaken. 2. The currency future is new concept and topic related book was not available in library and market. 3. Confidential matters were not disclosed by the company. 4. There were time constraints.

Existing & proposed product
Produts and services
1.Equity Trading

The best way to amass wealth is by investing in the stock market. However, it can be a risky proposition considering the high risk-return trade off prevalent in the stock market. Therefore before investing, the clients should know how to go about it. By opening an account with Bonanza, an investor can avail additional benefits like access to various intraday and fundamental calls.

2.Commodity Broking
Investment in commodities is advisable in the portfolio, as it is generally considered as defensive because stocks and bonds witnesses adverse performance during times of inflation. We offer our advisory services with enhanced research and knowledge aims to capitalize the immense potential of the commodities market

3.Derivatives Trading
We, at Bonanza Securities, have endeavoured to make trading in derivatives simpler. We strive to educate new entrants in the derivatives trading market so that they are more equipped with knowledge and techniques.

4.Portfolio Management Services
Our Portfolio Management Service is well suited for high-net worth customers who want to invest in Indian Equities and desire to create wealth over longer period After understanding varied risk appetites and financial goals of individuals Bonanza has created an Investment Strategy called Wealth- MAX Strategy

Module description
Introduction:
“Marketing research means the systematic gathering, recording, analyzing of data about problems relating to the marketing of goods and services”
All of research can be categorized into basic and applied. 1. BASIC RESEARCH: - Basic Research is that intended to expand the body of knowledge for the use of others. 2. APPLIED RESEARCH: - Applied Research is one, which is carried out to find the solution for a particular problem or for guiding a specific decision. It is usually private in nature.
My research on Icon Paints is carried on for guiding specific decisions and its results are useful only to Icon Paints for taking particular decision regarding product quality, staff and security. Hence the nature of my research study is “APPLIED RESEARCH “.
5.4) Process of Marketing Research:
The marketing research is done in systematic process. The Researcher has pursued the below process of marketing for my study at Bonanza:
5.4.2) RESEARCH DESIGN:
Research design indicates the methods and procedure of conducting research study. Research design can be done in following three types:-
1 Exploratory Research:- Exploratory research focuses on the discovery of new ideas and is generally based on secondary data.
2 Descriptive Research:-
Descriptive research is undertaken when the researcher want to know the characteristics of certain groups.
3 Causal or Experimental Researches:-
An experimental research is undertaken to identify causes and effect relationship between two variables.
The Research Design is: Descriptive Research Design
5.4.3) Data Collection and Sampling: A) Sources of Data Collection:-
Basically there are two types of data i.e. secondary and primary: I) Primary Data Collection:-
Primary data collection contains the following four types of methods: -
1 Observation Method:
It contains Causal observation, Systematic observation, direct observation and contrived observation.
2 Survey Method:
It contains Personal Interview, Telephone Interview and Mail Interview.
3 Experimental Method.

4 Panel Method. II) Secondary Data Collection: -
It can be collected from internal as well as external sources
1 Internal Source: Various internal sources like employee, books, sales activity, stock availability, product cost, etc.
2 External Sources:
Libraries, trade publications, literatures, etc are some important sources of external data.
The Researcher has used primary data for the core purpose of the project and this primary data has been gathered by survey method. The researcher has also used secondary data B) Data collection Tools:
To conduct a survey, the Researcher has selected a structured questionnaire as an instruction for gathering valuable information from the customers. Questionnaire, which is used for the survey, is consisting of questions and checklist questions to check the customer feedback. C) Sampling Plan: The researcher has design a sampling plan that is consist of five decisions. I) Sampling unit:
Who is to be surveyed?
The Researcher has selected youngsters, businessmen, and housewives, employees to conduct survey and to measure satisfaction level. II) Sampling types:
There are two types of sampling i.e. Probability Sampling and Non – probability Sampling. i) Probability Sampling : -
Probability sampling means each unit of the universe has equal chance of getting selected. The most frequently used probability sampling methods are as below:
a) Simple Random Sampling.
b) Stratified Random Sampling.
c) Multi-stage Random Sampling.
d) Cluster Sampling.
e) Multi – phase Sampling.
f) Replicated Sampling. ii) Non – Probability Sampling:- Non – Probability sampling contains following methods:-
a) Judgment Sampling.
b) Convenience Sampling.
c) Panel Sampling.
d) Quota Sampling
For this purpose the researcher has used non probability convenience sampling. III) Sample Size:
Sample size means limited numbers of respondents covered under the research study from a population and the researcher has taken a survey of 100 respondents to know the satisfaction level of customer.

Why the particular project is chosen

If any Indian firm borrows funds from international financial market in US dollars for short or long term then at maturity the same would be refunded in particular agreed currency along with accrued interest on borrowed money. It means that the borrowed foreign currency brought in the country will be converted into Indian currency, and when borrowed fund are paid to the lender then the home currency will be converted into foreign lender’s currency. Thus, the currency units of a country involve an exchange of one currency for another. The price of one currency in terms of other currency is known as exchange rate.

The foreign exchange markets of a country provide the mechanism of exchanging different currencies with one and another, and thus, facilitating transfer of purchasing power from one country to another.

With the multiple growths of international trade and finance all over the world, trading in foreign currencies has grown tremendously over the past several decades. Since the exchange rates are continuously changing, so the firms are exposed to the risk of exchange rate movements. As a result the assets or liability or cash flows of a firm which are denominated in foreign currencies undergo a change in value over a period of time due to variation in exchange rates.

Why the particular organization chosen
Bonanza Group’s businesses strive to serve the largest number of common people. Consider these: Commercial Vehicle Financing, Consumer & Enterprise Finance, Retail Stock Broking, Life Insurance, Chit Funds and Distribution of Investment & Insurance Products. Our foray into Non-Life (General) Insurance is again a strong expression of this commitment.
Reflecting on FY 2009-2010, it gives me great deal of satisfaction. It has been a landmark year in performance and scalability.
Incepted in 2005, today we are one of the fastest growing financial institutions and we have diversified interests in multiple asset classes with more than 50,000+ client base in Pan India and a support team of over 800+ professionals extended across 450 locations in more than 300 cities and towns.
The values of the company have been a driving factor behind the growth of the company
The company has always preferred to walk an extra mile when it comes to servicing clients needs. It believes that the growth of the company lies in the growth of the clients
For our company, the interest of the clients is at the forefront. This has come not from the aim of achieving customer satisfaction but the aim to achieve customer delight.
The company strongly believes that though the people work hard to make money, the same money should work for them.
We here at Bonanza believe that Transparency is the base of a long term relationship. This has been an important differentiating factor for the company which enjoys enormous amount of trust and goodwill because of the transparent dealings and straightforward approach that it has followed since inception.
Till now, we have achieved many goals and reached many milestones. In future also we will try to deliver the best value services to our clients.
On the global economic front I would like to say that major economies have started stabilizing except some European economies that are suffering from sovereign debt and unsustainable deficit. A recent IMF report showed that the global economy expanded by nearly 5 percent during the first quarter of 2010. This is primarily on account of robust recovery in the Asian economies.

Organization profile
A financial powerhouse! That’s what Bonanza is for you! Established in the year 1994, Bonanza developed into one of the largest financial services and broking house in India within a short span of time. Today, Bonanza is the fastest growing financial service with 5 mega group companies under it. With diligent effort, acknowledged industry leadership and experience, Bonanza has spread its trustworthy expertise all over the country with pan-India presence across more than 1632 outlets spread across 521 cities.

With a smorgasbord of services across all verticals in finance, Bonanzas offers you the perfect blend of financial services right from Equity Broking, Advisory Services that cover Portfolio Management Services, Mutual Fund Investments, Insurance to exceptional Depository Services.

Bonanza believes in being technologically advanced so that we can offer you – our tech-savvy customers - an integrated and innovative platform to trade online as well as offline. Besides, we also have one of the finest and most dedicated research teams with experts who have in-depth, unsurpassed knowledge of the market place. All this and more makes Bonanza the perfect place for you to take your first step in the direction of financial success.

Bonanza is affiliated with the best in the industry – right from the NSE, BSE MCX, MCX-SX to CDSL, NSDL, ICEX and USE etc. These affiliations prove our worth in the market and make Bonanza a name to reckon with.

With various titles and achievements under our belt, Bonanza looks forward to tougher challenges and newer milestones to conquer, so that you – our customer can get nothing less than the BEST!

So come join the Bonanza family. We look forward to helping you grow financially.

Vision

To be one of the most trusted and globally reputed financial distribution companies.

Values
• Customer-centric approach
At Bonanza, customers come first. And their satisfaction is not just our top priority but also the driving force for us, every single day.
• Transparency
Honesty is our forte. We believe in dealing on thoroughly ethical grounds, being fair and transparent with our customers.
• Meritocracy
We recognize and appreciate efforts put in by our employees. And we, as a matter of fact, reward and distinguish each one of them, ceaselessly.
• Solidarity
We believe in sharing a forthright and respectful relationship with our business partners and employees. We consider them both as our team associates, who work together. Succeed together. | 5th largest in terms of no. of offices for the year 2010-2011*. | | | Top Equity Broking House in terms of branch expansion for 2008*. | | | | | 4th in terms of Trading terminals for the year 2010 - 2011*. | | | 6th in terms of Sub Brokers for the year2010-2011*. | | | | | Nominated among the Top 3 for the "Best Financial Advisor Awards 08" in the category of National Distributors – Retail instituted by CNBC-TV18 and OptiMix. | | | Nominated among the Top 3 for the "Best Financial Advisor Awards 09" in the category of National Distributors – Retail instituted by CNBC-TV18 and OptiMix. | | | | | Awarded by BSE Major Volume Driver
04-05,06-07,07-08 . | | | Ranked 2nd by UTI MF & CNBC TV 18 Financial Awards 2009 in the category Best Financial Advisor- Retail. | | | Top 4 in Commodity Segment in Bloomberg UTV | | |

India has once again emerged as the most sought after investment destination world over. The Macro Economic factors & other Growth factors have turned favorable. Interest Rates having peaked out and the Indian Economy reducing its dependency on imported crude by building internal capacities and shifting to cheaper fuel in Natural Gas have all aligned to spell growth for India.

India grew @ 6% in the worst times (2008-09) and its FY10 GDP growth forecast is 7%+. Corporates have consistently shown very good earnings and even better future guidance. The Indian financial system is much less leveraged and the financial institutions here have emerged much stronger post the global economic crisis, thus setting an example for the world to follow. The Manufacturing Industries too have proved their worth in the global market. Above all, the political system is stable, policies are growth oriented and the Infrastructure development & reforms are strongly underway.

Company Profile:

Bonanza Portfolio Limited operates as a financial services and brokerage company. It offers brokerage services in the areas of equity, indices, and commodity derivatives, as well as provides depository services. The company involves in fixed income products, such as IPO underwritings, mutual fund distribution, and insurance product distribution. It also offers investment and wealth management services, such as portfolio management and advisory, and structured trading product. In addition, the company enables customers to trade online and offline. Bonanza Portfolio Limited was incorporated in 1993 and is based in New Delhi, India. It has branches and additional offices in India.

Bonanza Portfolio Limited has effective membership in several sectors like (equity & F and O, NSE, NSEF, BSE, BSEF, DSE) equity shares and preference shares, commodities (MCX, NCDEX, NMCEIL), currency (NSE, MCX-SX currency), depository (CDSL, NSDL).

Bonanza Portfolio Limited has introduced several
Products to the customers with an advanced technology
The products are following below
They are * Equity and derivative * Commodities trading * Currency trading * Depository services Research and analysis * Mutual funds, insurance * Institutional channels * Investment advisory services * Real estate services.

Supporters to the Trust line:
Already we have an extraordinary support of FIIs, DIIs and banks
FIIS:
Gold monarchs, credit-Suisse, India absolute, karma capital, etc…
DIIS:
UTI, Reliance Mutual Fund, PNB, Canara Robe co asset management company, national insurance company, Ian bank investment management services.
Banks:
PNB, OBC, central bank, Canara bank, Dena bank, Bank of India… etc.

Objective of the Trust line:
We Endeavour to be amongst the top ranking highly networked fully integrated broking and financial services house in the country 1.3.2 MISSION AND VISION
Mission of the Trust line:
To guide all our investors to enlarge their investment by systematic development of funds.
Vision of the Trust line:
To position our self’s amongst the top integrated and professionally managed investment and financial firms in India.
Values of the Trust line:
Professional management high corporate governance standards
System and process drives business practices Accountability and responsibility Integrity and commitment services with great
Technology:
Trust line securities limited no compromise in technology investment compares to other firms we have a great and marvelous technology like * Latest firewalls to secure network * WIFI enabled office and other location * ISDN backup * Top end routers and switches * 24 hrs power backup * FTP to download data and branches * VSAT network * Radio frequency for standard by arrangement * Sophisticated research software * Client support through remote central excellent back office software.

Board Members : Name (Connections) | Relationships | Primary Company | Anand Goel | 4 Relationships | Bonanza Portfolio Limited | Vishnu Agarwal | 4 Relationships | Bonanza Portfolio Limited | Shiv Goel | 4 Relationships | Bonanza Portfolio Limited | S. Goel | 4 Relationships | Bonanza Portfolio Limited | S. Goel | 4 Relationships | Bonanza Portfolio Limited |

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Bible Dictionary Topics

...Bible Dictionary Project Topic Lists Old Testament Characters Aaron Abraham Absalom Adam Ahab Amos Bathsheba Belshazzar Boaz Caleb Cyrus Daniel David Darius Deborah Delilah Eli Elijah Elisha Esau Esther Ezekiel Ezra Eve Gideon Habakkuk Haggai Hannah Hezekiah Hiram Hosea Isaac Isaiah Jacob Jehu Jeremiah Jezebel Joash Job Joel Jonah Jonathan Joseph (Son of Jacob) Joshua Josiah Judah Laban Leah Lot Malachi Manasseh Micah Mordecai Moses Nahum Nathan Nehemiah Noah Obadiah Rachel Rahab Rebekah Reuben Ruth Samson Samuel Sarah Saul Sennacherib Solomon Uzziah Zechariah Zephaniah New Testament Characters Andrew (Apostle) Herod Antipas Bartholomew (The Apostle) Barabbas Barnabas Caiaphas Elizabeth Philip Herod Agrippa Herod Agrippa II Herod the Great Jesus James Zebedee John Zebedee John the Baptist Joseph (Husband of Mary) Judas Iscariot James (The Just/Jesus’ brother) Jude (Jesus’ brother) Lazarus (Brother of Mary from Bethany) Luke Mary Magdalene Simon Magus Thomas (The Apostle) Mark (The Evangelist/Author of the Gospel of Mark) Mary (Jesus’ Mother) Matthew (The Apostle) Matthias Nicodemus Paul Peter (The Apostle) Philemon Phoebe Pontius Pilate Priscilla and Aquila Simon the Zealot Stephen Lydia (Thyatira) The Old Testament Genesis Exodus Leviticus Numbers Deuteronomy Joshua Judges Ruth 1 Samuel 2 Samuel 1 Kings 2 Kings 1 Chronicles 2 Chronicles ...

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