SEBI’s Currency Derivative 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%. All members who plan to trade in currency derivative will have to take this exam before August 10th, 2009.

Candidates who wish to appear for the Currency Derivatives Certification Examination can take practice tests from  iSec E learning Portal

For more information on NISM and the NISM-Series-I: CD Examination click here.

Written by admin on June 10th, 2009 with 1 comment.
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