Currency Derivatives

NISM-Series-I: Currency Derivatives Certification Examination (NISM-Series-I: CD Examination)

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.

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.

Assessment Structure:

The NISM-Series-I: CD Examination will be of 100 marks, will have 60 questions, and should be completed in 2 hours. There will be negative marking of 25% of the marks assigned to a question. The passing score for the examination is 60%.

# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.