Exam Plan & Certification
NISM-Series-I: Currency Derivatives
- On successful completion of the examination the candidate
- Know the basics of currency markets and specifically Exchange
Traded Currency Futures markets.
- Understand the trading, clearing and settlement mechanisms
related to Currency Futures markets and basic investment strategies
that use currency futures products.
- Know the regulatory environment in which the Currency Futures
markets operate in India.
Why should one take this course?
The examination seeks to create a common
minimum knowledge benchmark for persons working in the Currency
Derivatives market segment, in order to enable a better understanding of
currency markets and exchange traded currency future products, better
quality investor service, operational process efficiency and risk
Who will benefit from this course?
Stock Brokers and Sub-Brokers dealing in mutual funds.
Custodians and Employees of Mutual funds
Individual Mutual Fund Distributors
Employees of organizations engaged in sales and distribution of Mutual
Employees of Asset Management Companies specially persons engaged in
sales and distribution of Mutual Funds
The NISM-Series-I: CD Examination is of 100
marks, has 60 questions, and should be completed in 2 hours. There is
negative marking of 25% of the marks assigned to a question. The passing
score for the examination is 60%.
For successful candidates, certificates are
valid for 3 years from the test date.
Unit 1: Introduction to Currency Markets
Unit 2: Foreign Exchange Derivatives
Unit 3: Exchange Traded Currency Futures
Unit 4: Strategies Using Currency Futures
Unit 5 Trading
Unit 6 Clearing, Settlement and Risk Management
Unit 7 Regulatory Framework for Currency Derivatives
Unit 8 Accounting And Taxation
Unit 9 Codes of Conduct and Investor Protection Measures 60
Training Duration & Timing
2 sessions of 5 hours training on
consecutive Saturdays (1 pm to 6 pm) and 5 sessions of 2 hours (practice
tests at participants convenience Monday to Friday - 11 am to 4 pm).