NISM-Series-IV: Interest Rate Derivatives Certification Examination
Revised Launch of NISM-Series-IV: Interest Rate Derivatives Examination w.e.f February 06, 2024..
The examination seeks to create a common minimum knowledge benchmark for persons working in the Interest Rate Derivatives market segment, in order to enable a better understanding of fixed-income securities markets and interest rate derivative products, regulations and risks associated with the products and the exchange mechanisms of clearing and settlement.
Examination Objectives:
On successful completion of the Interest Rate Derivatives examination, the candidate should:
- Know the basics of fixed-income securities markets and specifically interest rate derivative markets in Indian and developed world.
- Understand the analytical framework required for Bond Futures market in India along with trading and hedging strategies involved
- Understand the clearing, settlement and risk management as well as the operational mechanism related to interest rate derivatives markets
- Know the regulatory environment in which the interest rate derivatives markets operate in India.
Assessment Structure:
The NISM-Series-IV: Interest Rate Derivatives 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%.
Test Details:
Name of Module: NISM-Series-IV: Interest Rate 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.
