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NISM Series-I: Currency Derivatives Exam

NISM Series-I: Currency Derivatives Exam

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NISM Series-I: Currency Derivatives Exam

The NISM Series-I: Currency Derivatives certification examination is intended to set a standardized minimum knowledge benchmark for individuals currently working or aspiring to work in the Currency Derivatives market segment. This certification enhances participants’ understanding of currency markets, fosters investor awareness, promotes operational efficiency, and reinforces risk management practices within the Indian financial landscape.

Who should take the exam?

This certification is particularly beneficial for:

  • Employees of brokerage firms and trading members operating in the currency derivatives space
  • Professionals in sales, trading, compliance, or operations related to currency derivatives
  • Students and entry-level aspirants aiming to build a career in the derivatives or currency markets
  • Financial advisors, consultants, and analysts looking to deepen their expertise in exchange-traded currency instruments
  • Active investors and traders seeking a structured understanding of the operational and regulatory framework of currency derivatives in India

Course Outline

The exam covers the following topics:

  • Introduction to Currency Markets
  • Foreign Exchange Derivatives
  • Exchange Traded Currency Futures
  • Exchange Traded Currency Options
  • Strategies Using Exchange Traded Currency Derivatives
  • Trading Mechanism in Exchange Traded Currency Derivatives
  • Clearing, Settlement and Risk Management in Exchange Traded Currency Derivatives
  • Regulatory Framework for Exchange Traded Currency Derivatives
  • Accounting and Taxation
  • Code of Conduct and Investor Protection Measures

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NISM Series-I: Currency Derivatives Exam FAQs

Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Skilr and not the NISM Series 1: Currency Derivatives Certification exam cost.

The following persons can take NISM-Series-I: Currency Derivatives Certification Examination: 1. All approved users and sales personnel of trading members of currency derivatives segments of recognized stock exchanges 2. Interested students/professionals 3. Any other individuals

Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the Skilr Helpdesk for more details. The member of support staff will respond as soon as possible.

There are no prerequisites required for NISM -I: Currency Derivatives Certification Examination.

There will only be multiple-choice and multi-response questions covered in the exam.

The fees for NISM Series-I: Currency Derivatives Certification Examination is Rupees One Thousand Five Hundred only (Rs. 1500/-).

Once purchased, the practice exams can be access for the lifetime.

After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.

The candidate has to secure 60% in order to pass the exam.

Yes our experts frequently blog about the tips and tricks for exam preparation.

Yes, Skilr offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.

Yes Skilr offers free practice tests for the NISM Series 1: Currency Derivatives Certification exam Exam which can be used before the final purchase for complete test.

There will be 100 questions in the exam.

Skilr provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.

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.

There will be 100 questions which have to be completed in 120 minutes.

The examination will be of 100 marks, will have 100 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%.

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.

The certificate will be valid for 3 years from the date of the examination.

To renew your current certificate, you need to appear for NISM CPE for Currency Derivatives or successfully pass the NISM Currency Derivatives Certification Examination before the expiry of such certificate.