NISM-Series-I: Currency Derivatives Certification
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 futures products, better quality investor service, operational process efficiency and risk controls.
Examination Objectives:
On successful completion of the examination, the candidate should:
- Know the basics of currency markets and specifically Exchange Traded Currency Derivatives markets. This is the addition.
- Understand the trading, clearing and settlement mechanisms related to Currency Derivatives markets and basic investment strategies that use currency futures and options products.
- Know the regulatory environment in which the Currency Derivatives markets operate in India.
Assessment Structure:
The NISM-Series-I: CD Examination will be a 100 marks examination to be completed in 2 hours. It will have 100 questions of 1 mark each. There will be negative marking of 25% of the marks assigned to a question. The passing score for the currency derivatives exam is 60%.
This NISM Currency Derivatives Certification is also available in Hindi and Gujarati languages.
Test Details:
| Test Details | |
|---|---|
| Name of Examination | NISM-Series-I: Currency Derivatives Certification Examination |
| Negative marking | 25% of the marks assigned to the question |
| Payment gateway charges | Extra |
| Passing Certificate eligibility | PAN (Income Tax Permanent Account Number) must be furnished/updated in registration details |
| Fees (Rs.) | 1500+ |
| Test Duration (in minutes) | 120 |
| No. of Questions | 100 |
| Maximum Marks | 100 |
| Pass Marks* (%) | 60 |
| Certificate Validity (in years)# | 3 |
