NISM-Series-XVI: Commodity Derivatives Certification Examination
The examination seeks to create a common minimum knowledge benchmark for associated persons functioning as approved users and sales personnel of the trading members in the commodity derivatives segment of a recognized stock exchange.
The examination aims to enable a better understanding of various derivatives products available in commodity derivatives markets, regulations and risks associated with the products and the exchange mechanisms of trading, clearing and settlement.
Examination Objectives:
On successful completion of the examination the candidate should:
- Know the basics of the Indian commodity derivatives markets.
- Understand various trading strategies that can be built using commodity derivatives.
- Understand the clearing, settlement and risk management as well as the operational mechanism related to commodity derivatives markets
- Know the regulatory environment in which the commodity derivatives markets operate in India.
Assessment Structure:
The NISM-Series-XVI: Commodity Derivatives Certification Examination will be of 100 marks consisting of 100 questions of 1 mark each, and should be completed in 2 hours. There will be negative marking of 25% of the marks assigned to each question. The passing score for the examination is 60%.
Test Details:
Name of Module: NISM-Series-XVI: Commodity Derivatives Certification Examination
| Fees (Rs.) | Test Duration (in minutes) | No. of Questions | Maximum Marks | Pass Marks* (%) | Certificate Validity (in years)# |
| 1500 | 120 | 100 | 100 | 60% | 3 |
* 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.
