Currency Derivatives

NISM-Series-I: Currency Derivatives Certification Examination

Revised Launch of NISM-Series-I: Currency Derivatives Certification Examination w.e.f. August 22, 2024.

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 Objectives:

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.

Assessment Structure:

The NISM-Series-I: CD Examination will be a 100 marks examination to be completed in 2 hours. It will have 100 questions of 1 mark each. There will be negative marking of 25% of the marks assigned to a question. The passing score for the currency derivatives exam is 60%.

This NISM Currency Derivatives Certification is also available in Hindi and Gujarati languages.

Test Details:

Name of Examination: NISM-Series-I: Currency Derivatives Certification Examination

* Negative marking–25% of the marks assigned to the question.
+ Payment gateway charges extra.
# Passing Certificate will be issued only to those candidates who have furnished/updated their Income Tax Permanent Account Number (PAN) in their registration details.