NISM-Series-VIII: Equity Derivatives Certification Examination offered by National Institute of Securities Markets
4.7 /5- Private Institute
- Estd. 2006
NISM-Series-VIII: Equity 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-VIII: Equity Derivatives Certification Examination at NISM Highlights
- Earn a certificate after passing an exam from NISM
NISM-Series-VIII: Equity Derivatives Certification Examination at NISM Course details
- Know the basics of the Indian equity derivatives market
- Understand the various trading strategies that can be built using futures and options on both stocks and stock indices
- Understand the clearing, settlement and risk management as well as the operational mechanism related to equity derivatives markets
- Know the regulatory environment in which the equity derivatives markets operate in India
- The examination seeks to create a common minimum knowledge benchmark for associated persons functioning as approved users and sales personnel of the trading member of an equity derivatives exchange or equity derivative segment of a recognized stock exchange
- The examination aims to enable a better understanding of various derivatives products available in equity derivatives markets, regulations and risks associated with the products and the exchange mechanisms of clearing and settlement
- The examination also covers knowledge competencies related to the understanding of the financial structure in India and the importance of the different rules and regulations governing the Indian securities market, especially those related to the equity derivatives segment
- Examination fees- INR 1500+
- Exam Duration - 2 hours
NISM-Series-VIII: Equity Derivatives Certification Examination at NISM Curriculum
Basics of Derivatives
Basics of Derivatives
Derivatives Market – History & Evolution
Indian Derivatives Market
Market Participants
Types of Derivatives Market
Significance of Derivatives
Various risks faced by the participants in derivatives
Understanding Index
Introduction to Index
Significance of Index
Types of Stock Market Indices
Attributes of an Index
Index management
Major Indices in India
Application of Indices
Introduction to Forwards and Futures
Introduction to forward contracts
Futures contracts
Contract specifications of futures contracts
Some important terminology associated with futures contracts
Differences between Forwards and Futures
Pay off Charts for Futures contract
Futures pricing
Price discovery and convergence of cash and futures prices on the expiry
Uses of futures
Introduction to Options
Basics of options
Contract specifications of exchange-traded options
Moneyness of an option
Intrinsic value and time value of an option
Pay off Charts for Options
Distinction between futures and options contracts
Basics of Option Pricing and Option Greeks
Option Pricing Models
Implied volatility of an option
Analysis of options from the perspectives of buyer and seller
Strategies using Equity futures and Equity options
Futures contracts for hedging, speculation and arbitrage
Use of options for trading and hedging
Arbitrage using options: Put-call parity
Delta-hedging
Interpreting open interest and put-call ratio for trading strategies
Trading Mechanism
Trading Mechanism
Eligibility criteria for selection of stocks for derivatives trading
Selection criteria of Index for trading
Adjustments for Corporate Actions
Trading costs
Algorithmic trading
Tracking Futures and Options data
Introduction to Clearing and Settlement System
Clearing Members
Clearing Mechanism
Interoperability of clearing corporations
Settlement Mechanism
Risk Management
Margining and mark to market under SPAN
Position limits
Violations and Penalties
Settlement Guarantee Fund and Investor Protection Fund
Legal and Regulatory Environment
Securities Contracts (Regulation) Act, 1956
Securities and Exchange Board of India Act, 1992
Regulations in Trading
Regulations in Clearing & Settlement and Risk Management
Eligibility criteria for membership on derivatives segment
Accounting and Taxation
Accounting
Taxation of derivative transaction in securities
Sales Practices and Investors Protection Services
Understanding risk profile of the client
Risk Disclosure Document
Written Anti Money Laundering Procedures
Investors Grievance Mechanism
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NISM-Series-VIII: Equity 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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