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1 Eligibility 1. This contest is only for current students of regular (Non-executive) full-time post graduate program in management/mba from any recognized institute/university/deemed university/private University. 2. Any person who doesn t meet this criterion is not eligible to participate in the contest. Also, if a participant has already been certified by FLIP or has purchased training/certification/combo in any of the applicable areas (as mentioned under clause 4 and 5 below) before 9 th August 2011, then he/she is not eligible to participate in the Challenge only for that area. 3. The contest is a computer based certification exam that the participant needs to take at specified test centers across India between 09 th August 2011 and 26 th September Applicable areas (for final year students) in which a participant can write the exam are: 1. Treasury & Capital Markets 2. Corporate Banking: Products & Credit Analysis 3. Trade Finance and Cash Management Services 5. Applicable area (for first year students) in which a participant can write the exam is: 1. Finance & Banking Fundamentals (India) 6. To participate in the contest a student needs to enrol on the website by paying an exam fee, and write the exam within the specified time period (09 th August 2011 to 26 th September 2011). How to Participate 1. Participants need to pay a fee of Rs.1500 (inclusive of service tax) for the certification exam. He/she can make the payment using Credit Card/Debit Card/ Internet Banking or Cash/Cheque/DD in any Axis Bank branch(by downloading a deposit slip from the website). 2. Participants are allowed to take the certification exam in any area, only once in the contest period (9 th August, 2011 to 26 th September, 2011). 3. Any eligible candidate who has purchased, or purchased and written the regular FLIP certification(not the FLIP Challenge) in any of the applicable areas (as mentioned before) within the contest period, can also be considered for the Challenge provided he/she expresses his/her interest through an to FLIP by 12 th September 2011.

2 However, no request for refund will be entertained, for the excess price paid, for the regular FLIP certification. 4. A participant can write the certification exam in more than one applicable area. BUT, the final list of top 10 participants will be unique for each area. She/he will have to choose ONE Area for which she/he wishes to be considered. She/he will have to send an within 12 hours of first communication. If not, FLIP will put her/his name in the area where she/he has a higher rank. If she/he has same rank in two or more areas, then FLIP will put her/his name as per the following priority - 1. Treasury & Capital Markets 2. Corporate Banking: Products & Credit Analysis 3. Trade Finance and Cash Management Services 5. Participants MUST give valid, frequently checked ID, address & phone no. If a participant is in the shortlist and FLIP does not get a response from him/her within specified timelines, then he/she may be disqualified/ moved out of the shortlist. 6. The exam fee is not refundable in any case. Exam Dates and Booking 1. The FLIP National Challenge starts from 9 th August, 2011 and ends on 26 th September, That is, the certification exam must be written during this period. Enrolment for the Challenge however, closes on 12 th September, FLIP certification exams are run at centres across India, 4 times/day, 6 days/week (except national holidays). A participant can book the date and time according to his/her convenience, but the last date of writing the exam is 26 th September A participant can book the time slot for writing the exam post his/her enrolment, starting from 9 th August, She/he can book any date from 9 th August 2011 to 26 th September 2011 for the exam. We recommend that you should book the date at the earliest as the seats are limited and allotted on first come first served basis. If a participant books an exam date after 26 th September 2011, he would not be eligible for the contest. This is a limited validity certification; that will expire on 26 th September FLIP has tried its best to have seats available across centers, however this is NOT guaranteed. If the participant leaves it too late and seats are not available, FLIP will not be responsible.

3 5. FLIP cannot guarantee a specific time slot to any participant. If a participant is not able to book a slot at any test center due to unavailability then FLIP will allot a time slot and the test center (based on availability). 6. Once a participant books the certification date, he/she cannot reschedule the slot. She/he will need to cancel and re-enrol by paying the exam fee again. 7. If a participant is unable to appear for the Challenge certification exam for some reason, she/he can take it again during the Challenge period by repaying the exam fee as mentioned above. Bulk Testing 1. To enable participation from candidates in B-Schools based in a city where FLIP does not have its test center, FLIP offers the option of Bulk Testing. 2. Under Bulk Testing, FLIP offers to conduct an offline exam at the institute campus to facilitate the testing process, provided there are at least 50 enrollments from the institute. 3. In case of Bulk Testing at the institute campus, no student from that institute is allowed to write the certification exam at any other FLIP Test center 4. Once FLIP agrees to conduct the Bulk Testing at the campus, no student should book an exam date online. If any student books the exam date online, that booking will be cancelled, and he/she will have to write the exam date at the institute campus by paying Rs.500, on the date mutually agreed by FLIP and the Institute. 5. In case any candidate has booked the exam date before the Bulk Testing was agreed by FLIP, his/her booking will stand cancelled, and he/she will have to write the exam at the campus, without paying a fee. 6. As soon as the Bulk Testing is confirmed and the list of interested students is received from the institute, the online link for booking the exam date will be disabled by FLIP. 7. In case the student is not sure about the Bulk Testing taking place at his/her institute, he/she should check with FLIP. She/he can call at /2/3 or send an to support@learnwithflip.com. 8. TO conduct Bulk Testing FLIP will send its representatives to the institute campus. FLIP will provide only the question papers and the answer sheets required for the exam. Any other infrastructure required to conduct the exam like, rooms/halls, furniture, Laptop charging points etc. will be provided by the Institute.

4 9. All exams will have a duration of 2 hours with multiple choice questions. The candidate will have to mark the answers on the given answer sheet using a blue/black pen. 10. In case any student is found using/trying to use any unfair means to solve the questions he/she will be disqualified from the exam. In case of any dispute, the decision of the FLIP representative will be final. 11. FLIP reserves the right to change/cancel the date of certification exam at campus, in case of any unforeseen events. Top 10 and Pre Placement Interview (PPI) 1. A participant must score a minimum of 60% after negative marking, in the exam to be FLIP certified and considered in the top The list of Top 10 candidates in each area will be decided on the basis of score in the certification exam. The scores will be considered till one decimal point. Candidates taking the exam at a FLIP centre must note that the scores displayed at the end of the exam are rounded off, and the final scores upto one decimal point will be available on your user dashboard. 3. If there is more than one candidate with the same score, then the accuracy of the candidate will be the deciding parameter for higher position. 4. The accuracy will be calculated using the following formula: Accuracy = Total correct answers/total questions attempted 5. Only the top 10 participants (who are in the final year of their MBA) from each area i.e. Treasury and Capital Markets, Corporate Banking: Products & Credit Analysis and Trade Finance and Cash Management Services will get the Pre Placement Interview (PPI) with FLIP National Challenge Partners i.e. ICICI Bank, HDFC Bank and YES Bank. 6. The top 10 participants (final year students only) from each area will also get an interview guidance session, and help in resume preparation. The exact dates for each of these will be scheduled and informed to the candidates. 7. The interview guidance sessions from senior bankers for the PPIs will be conducted via telephone and rescheduling of the same is not possible. You are expected to attend, to enhance your chance of success. 8. The top 10 participants (who are in first year of their MBA) in Finance and Banking Fundamentals - India will get mentoring/interview guidance and help in resume preparation from senior bankers for their internship. They will also get

5 an opportunity to visit the Standard Chartered Bank s dealing room and meeting with MD (Regional Head) of Fixed Income, Currencies and Commodities South Asia. 9. In case a participant (first year students only) decides to visit, she/he will have to travel to Mumbai. Any expense incurred towards travelling/stay will be borne by the participant only. However, for outstation (non Mumbai institute students) FLIP will pay a flat amount of Rupees two thousand only, towards the travel expenses incurred on proof of travel. Local Mumbai institute students will get a flat amount of Rs. five hundred. No other expense claims would be entertained by FLIP. 10. While visiting Mumbai the participant may be asked to carry some documents (I-card etc.), failing which she/he may be denied the opportunity to visit the dealing room. Cash Prize 1. Only the top 3 participants from the final list in each area are eligible for the cash prize, provided they attend all three PPIs (for students in final year of their MBA),and fulfill all the other eligibility conditions stipulated by FLIP 2. The cash prize for top 3 is as follows i. 1 st position - INR 30,000 ii. 2 nd position - INR 20,000 iii. 3 rd position - INR 10, Cash prizes will be paid via a/c payee cheque only. 4. In case of more than one participant for the same position in Top 3, the cash prize for that position will be equally divided among them. For example if there are 2 participants tied for first position then each of them will get Rs There will be no second position in that case. The same logic holds for a tie in second place. Each of them would then get Rs.15,000. There would be no third position. Results and Interview Process 1. Results will be announced on 3 rd October on the website, and only the top 10 participants will be intimated through an by FLIP. 2. A list of the top ten certified participants and a waitlist (Only for final year students) of 3 certified participants for each certification area will be put up on the website.

6 3. In case a student(final year) in the top ten opts out of the PPI or is disqualified for any reason the waitlisted student will be moved to the final list. The top 10 shortlisted participants will have to submit the scanned copy of the following documents within the specified timeline, which will be communicated to them through . i. Copy of college identity card. ii. A bonafide certificate from his/her institute confirming that he/she is a first year/ final year student of that institute in original. iii. Latest resume in the FLIP format. 4. The top ten participants in each area MUST confirm their availability for PPI within the specified timeline. If any participant fails to do so, he/she will be disqualified/ moved out of the short list. 5. If any of the TOP 10 participants after confirming their availability for PPI, fail to appear for the PPI, then the waiting list will move up. This means that the students in the waiting list will move into the shortlist, in order of their ranking. They will then be eligible to attend the PPI. 6. All shortlisted participants MUST attend the PPI with all the Challenge Partners. This is a reputation risk for FLIP, the student, and the institute the student belongs to. If a participant forfeits any of the PPIs, he/she also forfeits the cash and place on the final list. Cash prizes will be given only after the PPI procedure is over. 7. Rescheduling of the PPI for any reason is at the sole discretion of the recruiter Challenge Partner. This is not recommended, unless there is an emergency. 8. In case of a clash in dates between Challenge Partners, and rescheduling is required, FLIP will try and intervene and assist the candidate. In case rescheduling is not possible, the candidate will have to opt for one of the PPIs. The candidate, in this case will still be eligible for the Challenge. 9. The result of PPIs will be declared by FLIP. Selected candidates will be communicated through and the offer would be sent to them. 10. The PPIs would be conducted in India, unless specifically informed otherwise by the challenge partner. In case a candidate happens to be outside India on an Exchange program or otherwise, it will be the challenge partner s prerogative to decide if an interview can be conducted in that location. FLIP will not be able to guarantee an interview under these circumstances.

7 FLIP INSTITUTE CHAMPIONSHIP 1. As part of the FLIP National Challenge, there is also a FLIP Institute Championship. The Institute with the best participation plus performance in the Challenge, WINS! 2. The scoring will be as follows. Every participating B-School will be awarded some points on the basis of different parameters as given below: 1. Number of participants (10 Points per participant) 2. Number of certified candidates (100 Points per candidate) 3. Number of candidates, who get the badge of excellence i.e. score 75% and above (200 Points per candidate) 4. Number of candidates, who are in the final top 10 in any area (300 Points per candidate) 3. For example, 50 students from ABC B-School participate in the FLIP Challenge and out of these, 10 are able to clear the exam, 2 score 75% or above, and one secures a position in the Top 10. In this case, the calculation will be as follows: Parameters Points/Candidate No. of Candidates Score Points of Participation Points for Certified candidates Points for Badge of Excellence Points for Top Total Score The Institute with the highest points will win the championship. The winning college will get the following: a. All the students of the winning college will get one month free access to any one of the training courses of their choice (as per the table given in Point 6 & 7 below). b. The college will get featured in the FLIP Hall of Fame on along with the winners of FLIP National Challenge c. The college will receive the Institute Championship trophy. 5. In case more than one B-School scores the same points, the winner will be decided on the basis of the following criteria in the given order: a. Highest number of students in Top 10 b. Highest number of badge of excellence c. Highest number of FLIP certified candidates

8 6. Following is the list of courses (Training only) that can be accessed by first year students. 1 Key Concepts in Finance 8 Branch Banking: Alternate Channels & Payments 2 Financial Markets 9 Deposits & Fee Based Products & Processes 3 The Banking Business 10 Retail Assets 4 Excel 11 FLIP-NCFM: Market Risk 5 Wealth Management-Life cycle 12 Fund Management 6 Wealth Management Investment Products 13 FLIP-NCFM: Equity Research 7 FLIP-NCFM: Issue Management 14 Technical Analysis FLIP is offering only 14 courses mentioned above to first year students. The courses that could be part of next year s Challenge have been removed. This is to ensure that you will be eligible to participate in the Challenge next year. 7. Following is the list of courses that can be accessed by final year students: 1 Key Concepts in Finance 14 Trade Finance & Cash Management Services 2 Financial Markets 15 Credit Risk and Operational Risk 3 The Banking Business 16 FLIP-NCFM: Market Risk 4 Excel 17 Branch Banking: Alternate Channels & Payments 5 Wealth Management-Life cycle 18 Deposits & Fee Based Products & Processes 6 Wealth Management Investment Products 19 Retail Assets 7 Equity Markets: Trading & Operations 20 Fund Management 8 Bond Markets: Trading & Operations 21 Currency Derivatives Exchange Traded 9 Currency Markets: Trading & Operations 22 FLIP-NCFM: Equity Research 10 Introduction to Derivatives 23 Technical Analysis 11 Private Equity, M&As and Structured Finance 24 Swaps Products and Trading Strategies 12 FLIP-NCFM: Issue Management 25 Swaps Pricing, Hedging and Operations 13 Corporate Banking Products and Credit Analysis 26 Options Products, Pricing and Hedging 8. To get access to free course, students of the winning college will have to send an requesting for the access details, along with the scanned copy of their college photo ID card within 14 working days of announcement of the winner. 9. If no communication is received within the specified time then it will be assumed that the winning college is not interested and it does not want to avail the opportunity. 10. The user id giving free access to one of the above courses, once activated will be valid for a period of one month. 11. Any request to extend the access to the course will not be entertained. In case you are interested, and want continued access to the course, you will need to purchase the same at the regular price.

9 OTHERS 1. The participants must adhere to all the timelines, failing which he/she can be disqualified from the Challenge. 2. At no time does FLIP offer any job guarantees on behalf of any organization. What the FLIP Challenge offers is an opportunity (only to final year students) to participate in the Challenge Partners recruitment process. 3. The Pre-placement interview will be offered by the FLIP National Challenge Partners only. HDFC Bank, ICICI Bank, and YES Bank are the FLIP National Challenge Partners, this year. 4. Any cost incurred by the participant to attend the certification exam will be borne by the participant only. 5. The place and mode of PPI, reimbursement of costs incurred by participants (if any) are under the sole discretion of the Recruiter Challenge Partner. 6. Recruitment process is solely in the hands of recruiters and recruitees. FLIP is only a facilitator in this entire recruitment process. 7. Results of PPI process will be announced by FLIP after 15 th November All the selected candidates will be intimated along with the offer letters through an Once the offers are sent to selected candidates, FLIP will organize a session, where the selected candidates will be addressed by each recruiter. These sessions will be conducted through audio conferencing. The purpose of these sessions is to help selected candidates in making an informed decision. The selected candidates must attend. 9. Selected candidates will have to accept or reject the offer/s made by the recruiter/s within the specified time by sending an to FLIP. 10. If a participant gets an offer from more than one Challenge Partner, he/she can accept only one of the offers made to him/her. 11. In case he/she chooses to accept the offer he/she will have to send a letter from the placement office, stating his/her withdrawal from the college placement process along with the . If a participant fails to do so it will be assumed that he/she is not interested in the offer/s and the same will be revoked. 12. A participant may have a job offer from another recruiter either, through campus placement/via a PPO, or off campus, prior to the Challenge PPIs. If the candidate still opts for the Challenge PPI, gets an offer from the Challenge Partner and decides to accept, he/she will have to reject the earlier offer. This must be

10 done, prior to accepting the Challenge offer, by sending an to the earlier recruiter with a cc to support@learnwithflip.com. For example, if you already have a job offer from ABC company and you also get an offer from HDFC Bank (through Challenge), then you will have to send an to the concerned person in ABC Company with a cc to FLIP. Else, you will not be eligible to accept the offer from the Challenge partner. 13. FLIP reserves the right to withhold cash prizes/ppis in case of any misconduct or fraud by the participants. 14. FLIP s decision in all the contest rules is final. 15. Any points not specifically covered by the above, will be decided by FLIP with due fairness to all parties concerned. 16. Any dispute, claim or controversy arising under or relating to the FLIP National Challenge, shall be subjected to Mysore jurisdiction only.

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