Exam Plan & Certification NISM-Series-I: Currency Derivatives Certification Examination
Examination Objectives
  • On successful completion of the examination the candidate should:
  • 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 controls.
Who will benefit from this course? Students
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 Funds
Employees of Asset Management Companies specially persons engaged in sales and distribution of Mutual Funds
Test details 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%.
Certificate validity For successful candidates, certificates are valid for 3 years from the test date.
Course Contents 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).