FMWC INDIA 2024

COMPETITION RULES

(hereinafter referred to as the “Rules”)

 These Rules are effective from March 1, 2024.

Please read these Competition Rules carefully. You should review all our legal documents before participating in any Competition. If you do not accept these Rules or any of our legal documents, do not use the Website or participate in any Competition.

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The Event

FMWC India Championships 2024 (hereinafter –FMWCI 2024) is an esports tournament for Indian residents and citizens that is based in Microsoft Excel. The tournament consists of one round of Qualification Rounds followed by the Finals (top 16 players head-to-head).

The Event is organized by the Financial Modelling World Cup (FMWC) team as well as by Noscope Gaming India (FMWC India Chapter).

The Participants

FMWCI 2024 is open to any Indian resident or citizen regardless of age, gender, race, location within India or any other limiting factor.

FMWCI 2024: Tasks

• Each round of the Competition will provide one Task consisting of a range of problem-solving questions solvable with Microsoft Excel.
• Each Task will include several Questions that the Participants will have to provide answers for.
• The complexity of the Questions will vary, with more complex questions awarding more points if answered correctly.
• All the Questions will be formulated in such a way as to provide fully automated objective grading.
• It is expected that the Question format will be multiple choice and “number type-in”. The organizers reserve an option to use other Question formats if deemed necessary.
• No answers will be in the form of an essay.
• The Tasks will be varied in topics; however, all the Tasks will be solvable by a general MS Excel user. Solving the Tasks will require knowledge of Excel functions, data management skills and logical thinking. The Tasks will be testing participant’s abilities to use MS Excel techniques to solve out-of-the-box problems. The Tasks will not require specific knowledge of finance, engineering, statistics, or other scientific disciplines.
• The Tasks will be structured in such a way that the users of older versions of MS Excel (2010 and up) should be able to complete them.
• To correctly solve the Tasks, Participants will need to answer the Questions, produce, and submit their files.
• Participants may be provided a basis for the Excel model, or the models will be required to be produced from scratch.
• Model formatting and style will not be judged.
• Sample Tasks and previous years’ Tasks are available on the FMWC website and can be purchased separately.

Qualification Format

• The tournament starts with one qualification round in which the combined score will determine qualification for the finals.
• All the players willing to participate in FMWCI 2024, need to register for the tournament (buy the ticket).

Qualification Round

To provide fair ground for selecting the participants to take part in the final rounds of the tournament, qualification rounds will be arranged on Sunday, 29th September 2024.The qualification round will have two sessions hosted online. The time of the sessions will be declared soon. Participants can opt for either of the two sessions depending on availability and other factors. Qualification rounds will be 30 minutes for each round.

• The top 16 participants from the combined scoring of both rounds will qualify for the in-person finals.
• The Qualification Round will not be broadcasted.
• The session’s Period begins exactly at the time mentioned above. Each Participant is invited to log in to the Competition on the examination platform in advance.

The Period considers:

• Downloading all relevant Tasks
• Reading and analyzing the Tasks
• Creation of models
• Completing the relevant answers for Tasks
• Submitting the answers
• Uploading the model

Finals Round Format (In-person finals)

• The Finals Round starts with the Last 16 stage (the 16 players are selected based on the Qualification Rules stated in Clause 5.b.).
• There will be 4 rounds within the Finals Round. The players with the highest accumulated scores over all 4 rounds will be declared as the winners.
• In-Person Finals Round Format
• The Finals Round will be on Sunday, 20th October 2024, in Hyderabad. The exact venue and time will be declared soon.
• The 16 top players after the qualification round will be invited to take part in the In-Person Finals Round.
• The Final Round will consist of 4 rounds where all finalists will take part in all 4 rounds. The players that have the highest accumulated scores over all 4 rounds will be declared the winners.

Points System

• The total number of points available for correctly solving all the Tasks at each round – 1,000 points per round (also for the Qualifying Round). Additional points could be introduced by the organizers with the goal to give extra interest to the competition (e.g., extra 100 points for answering an additional extra-hard question, specified separately).
• At the end of the Offline Rounds, the participants will have to upload their models. If this is not done upon completion of the participant’s work, the participant’s results might be annulled.

FMWCI 2024 Dates

• The FMWCI 2024 will take place on the following dates:
• Qualification Round : Sunday, 29 September 2024
• The Final Round: Sunday, 20 October 2024
• FMWCI 2024 organizers reserve the right to change the dates of Rounds at their sole discretion (to accommodate for public holidays, etc.)
• If a date of a Round changes, a notice shall be provided on the FMWC India Chapter Website and/or FMWC India Chapter social media channels.

Indian and World Rankings

FMWCI 2024 is a standalone competition that will not impact the Financial Modelling World Cup World Rankings or Ratings, nor any other competition held of a similar nature.

Tie-Breakers

• In the event of 2 (two) or more Participants have an equal number of points in the Rankings, in determining the higher-ranked Participant, the following is taken into consideration:
• More Time Saved: The Participant with the lowest amount of Time spent on solving the Tasks wins. In case the participants are still tied, then
• Best Current Form: The Participant with the highest score in the most recent Round of the competition.
• If the most recent round results are identical, then the Participant with the best result in the second-to-the-last round will be taken into consideration.
• If the results are still identical, then the previous round results shall be evaluated in a similar fashion going backward (including the Qualification Rounds). In case the participants are still tied, then
• Earlier Bird: The Participant who purchased their FMWCI 2024 ticket earlier will be promoted.

Participation Fee

• The Participation Fee (hereinafter – Fee) for the whole event should be paid upon registration. The Fee covers participation in the qualification rounds of the FMWCI 2024 as far as the Participant qualifies as well as provides access to the game task files for all FMWCI 2024 stages. The Fee will be declared when the registrations will be open.
• The registration is closed a day before the start of the Qualification Round – on Saturday, 28 September 2024, at 11:59 IST.
• The organizers reserve the right to change the Fees anytime at the organizer’s sole discretion.
• The organizers reserve the right to decline all, or part of any Participation in any Competition entry requested.
• The Fee is not returned if participants did not actually take part in FMWCI 2024.

Prize Money

The total prize fund for FMWCI 2024 is sponsored by Microsoft, the main sponsor of the event. The prize fund will be declared soon.

Achievement                          Amount (In United States Dollars, USD)

FMWCI 2024 Winner              TBD

FMWCI 2024 Runner-Up          TBD

FMWCI 2024 Semi-Finalists      TBD

• The organizers reserve the right to refuse the Prize Money pay-out if the Participant cannot confirm their identity by submitting a photograph of a valid Indian ID document (only Prize Money recipients might be asked to confirm their identity).
• The organizers will contact the prize money recipients using the email address provided upon purchasing the participation ticket. If the participant ignores the communication attempts for 6 months after the end of the competition, organizers reserve the right to refuse the Prize Money pay-out.

Changes in the Rules

• The Organizers have the right to change these Rules at their sole discretion.