Frequently Asked Questions – Interest Rate Derivatives

1. Am I eligible for NISM Interest Rate Derivatives CPE Program?

If you hold a certificate of ‘NISM-Series-IV: Interest Rate Derivatives Certification Examination’ and where the validity of such certificate has not expired, you are eligible to attend the NISM Interest Rate Derivatives CPE Program. However, you cannot attend a CPE Program twelve months prior to the date of expiry of such certificate (i.e.,) you can attend the CPE Program only in the final year of your certificate validity period.

Also, you are eligible to attend the CPE Program if you are actively engaged in the management of the intermediary’s securities business including supervision, solicitation, conduct of business, (i.e.,) if you are a Sole Proprietor or a Managing Partner or a Whole-Time Director of any security market intermediary, you are eligible to attend the NISM Interest Rate Derivatives CPE, whether you are currently holding a certificate or not.

Further, if you have completed 50 years of age as on June 29, 2010you are eligible to attend the NISM Interest Rate Derivatives CPE Program, whether you are currently holding a certificate or not.

2. When should I register for a CPE Program?

Since there are limited seats for every CPE Program, you are advised to avail the opportunity of registering early so as to secure a seat. We suggest that you register at least six months prior to the expiry of your certificate in order to ensure that you get a seat in your preferred location. Requests for registration received closer to the expiry of the certificate may not be successful.

3. How can I register for a CPE Program?

To register online, please click on the following link:

4. What is to be done after I register via email or call?

NISM and its Accredited CPE Providers receive registration requests from various cities. When a minimum number of requests are received from a particular region, a CPE Program is arranged by the respective CPE Provider in a suitable location. Based on your collective requests and preferences, the CPE venue and dates are finalized and the seat confirmations with all the relevant details are sent to the registered participants.

5. What if there are very few persons interested in NISM’s CPE Program for Interest Rate Derivatives from my preferred location?

In such cases, you may choose the nearest city, suiting your convenience, where the venue is finalized.  If you are based in non-metro cities, while putting in your request, you may mention the cities that are close by, in the order of your preference.

6. What if the NISM’s CPE Program for Interest Rate Derivatives date and/or venue do/does not suit me?

As there is a window of twelve months available, you may wish to wait for another CPE Program to be announced within such time and at a location of your choice(s).  However, since it is a regulatory requirement, it will be in your interest to comply with it as early as possible.  While NISM makes best endeavors to offer the convenient venue and preferred dates, it may not always be feasible to conduct frequent CPE Programs in a particular area unless there is significant demand for the same.

7. I am a senior citizen. How can I obtain a NISM Interest Rate Derivatives Certificate for the first time?

If you have completed 50 years of age as on June 29, 2010, you may obtain a NISM Interest Rate Derivatives Certificate by either:

  1. Passing the ‘NISM – Series – IV: Interest Rate Derivatives Certificate Examination’ (or)
  2. Successfully completing the NISM’s CPE Program for Interest Rate Derivatives

8. What are the documents required at the Venue?

  1. Admit Card
  2. PAN Card (Original + Photocopy)
  3. Documents mentioned under Eligibility Criteria and Requirements for Interest Rate Derivatives CPE (whichever is applicable)

10. I have lost my certificate. How can I appear for NISM CPE Program?

If you produce a clear photocopy where the photo on the certificate can be verified properly, you may be allowed to appear for the CPE Program. If you do not have a good photocopy, please apply with the original issuing authority for issue of duplicate certificate. Please note that NISM can issue duplicate certificates only if the original certificate was issued by NISM. Once you receive the duplicate certificate, you can submit the documents by email.

11. When do I get my certificate?

After NISM verifies the authenticity of the documents submitted by the participants, your certificate will be sent in electronic format only, to the email id provided in the Registration form. You are expected to receive the certificate in about 30 working days from the date of the CPE Program. However, there may be delays due to postal delays in NISM receiving the documents from the CPE Providers or due to any discrepancy in the documents submitted by you at the CPE venue.

12. How can I track the status of my certificate?

The status of your certificate can be tracked by calling NISM Helpdesk at 8080806476 or mailing to

13. I have misplaced my CPE certificate. How do I apply for a duplicate certificate?

NISM emails the certificate to the candidate’s registered email ID. The candidate is also provided with an option to download the certificate by login to NISM portal. The download option is made available under the ‘My Examination’ menu.