NISM-Series-I: Currency Derivatives Certification Examination offered by National Institute of Securities Markets
4.9 /5- Private Institute
- Estd. 2006
NISM-Series-I: Currency Derivatives Certification Examination at NISM Overview
Duration | 2 hours |
Total fee | ₹1,500 |
Mode of learning | Online |
Schedule type | Self paced |
Official Website | Go to Website  |
Credential | Certificate |
NISM-Series-I: Currency Derivatives Certification Examination at NISM Highlights
- Earn a certificate after passing an exam from NISM
NISM-Series-I: Currency Derivatives Certification Examination at NISM Course details
- 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
- 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 fees- INR 1500+
- Exam Duration - 120 Minutes
NISM-Series-I: Currency Derivatives Certification Examination at NISM Curriculum
Introduction to Currency Markets
History of foreign exchange markets
Major currency pairs
Overview of international currency markets
Basics and Peculiarities of currency markets in India
Settlement or value date
Over-the-Counter (OTC) forward market
Exchange rate arithmetic- cross rate
Impact of market economics on currency prices
Economic indicators
Foreign Exchange Derivatives
Evolution of derivatives
Derivative products and features
Growth drivers of derivatives
Market players in the foreign exchange market
Key economic functions of derivatives
Exchange-Traded Vs. OTC derivatives
Exchange Traded Currency Futures
Currency futures
Spot price
Futures price
Contract cycle
Value date/Final settlement date
Expiry date
Contract size
Initial margin
Marking-to-market
Rationale behind currency futures
Standard items in a futures contract
Introduction of currency futures in India
Futures and forward contracts
Advantages of futures contracts
Limitations of futures contracts
Interest rate parity and pricing of currency futures
Strategies Using Currency Futures
Role of speculation in futures markets
Long position in futures
Short position in futures
Hedging using currency futures
Types of hedgers
Size of the hedging position
Trading spreads using currency futures
Concept of arbitrage
Use of arbitrage in currency futures markets
Arbitrage opportunities under various conditions
Trading in Currency Futures
Contract specification for currency futures
Trading parameters
Tenors of futures contract
Expiry date
Settlement price
Entities in the trading system
Types of orders
Concept of Mark-to-Market (MTM)
Position limits
Allowable open position limits for members trading in currency futures
Monitoring and enforcement of position limits in the currency futures market
Surveillance systems and procedures of exchanges
Clearing, Settlement and Risk Management in Currency Futures
Clearing entities
Clearing mechanism
Open positions and obligations of clearing members
Settlement mechanism
Risk management measures
Concept of margin requirements
Initial margin
Portfolio based margin
Calendar spread margin
Extreme loss margin
Liquid net worth
Liquid assets
Real time computation
Process of margin collection by Clearing Corporations
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NISM-Series-I: Currency Derivatives Certification Examination at NISM Contact Information
Plot No. IS 1 and IS 2,
Patalganga Industrial Area,
Village Mohopada (Wasambe),
Rasayani
Raigad ( Maharashtra)
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