This is with reference to NISM/Certification/Series-IV: IRD/2010/1 dated May 18, 2010, specifying that NISM-Series-IV: Interest Rate Derivatives Certification Examination (NISM-Series-IV: IRD Examination) as the requisite standard for the approved users and sales personnel of the ‘Trading members’ who are registered as such in the Currency Derivatives Segment of a recognized stock exchange and trading in Interest Rate Derivatives.

The examination is being offered to the candidates since May 20, 2010. In order to incorporate the market changes, NISM had initiated the process of updating the NISM-Series-IV: IRD Examination. In this context, NISM will be launching the updated NISM-Series-IV: IRD Examination with effect from August 21, 2013.

The NISM-Series-IV: IRD Examination in its current format (as per the existing workbook) will be available to the candidates till August 20, 2013 and will be replaced by the updated examination (as per the revised workbook) from August 21, 2013. Effective August 21, 2013, the current examination ceases to exist and only the revised examination will be available to the candidates.

Details of the updated examination can be downloaded from the websites of NISM, NSE, BSE and MCX-SX.

Details of the updated NISM-Series-IV: Interest Rate Derivatives Certification Examination are given in Annexure-I and Annexure-II of this communiqué/press release.

The text of these Annexures and the registration details are available at www.nism.ac.in.


G. P. Garg
National Institute of Securities Markets

Enclosures: Annexure I and II


For Annexure I – Syllabus Outline  Click Here

For Annexure II – Test Objectives Click Here

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