NISM Series-XIII: Common Derivatives
NISM Series-XIII: Common Derivatives
NISM Series XIII: Common Derivatives
The examination seeks to create a common minimum knowledge benchmark for:
• The approved users and sales personnel of the trading members of the Currency Derivatives Segment of a recognised stock exchange and trading in Currency Derivatives
• 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 associated persons functioning as approved users and sales personnel of the trading members of an equity derivatives exchange or equity derivative segment of a recognized stock exchange
Purpose of the Exam
The purpose of the exam is to enable a better understanding of various derivatives products available in the three derivatives segments (i.e., Equity Derivatives, Currency Derivatives and Interest Rate Derivatives), regulations and risks associated with these products and the exchange mechanisms of clearing and settlement. The examination also covers knowledge competencies related to the understanding of the financial structure in India and the importance of the different rules and regulations governing the Indian securities market, especially those related to the exchange traded derivatives.
Target Audience
NISM has launched the NISM-Series-XIII: Common Derivatives Certification Examination as an "additional choice" which the candidates may choose to take instead of appearing for the Currency Derivatives (Series-I), Interest Rate Derivatives (Series-IV) and NISM’s Equity Derivatives (Series-VIII) examinations individually.
The following persons can take NISM-Series-XIII: Common Derivatives Certification Examination:
1. All approved users and sales personnel of trading members of currency derivatives, interest rate derivatives and equity derivatives segments of recognized stock exchanges
2. Interested students/professionals
3. Any other individuals
Prerequisite for the exam
There are no prerequisites required for NISM Series XIII: Common Derivatives Exam.
Examination Objectives:
On successful completion of the examination the candidate should:
• Know the basics of the Indian derivatives market (covering Equity Derivatives, Currency Derivatives and Interest Rate Derivatives).
• Understand the various trading and hedging strategies that can be built using futures and options.
• Understand the clearing, settlement and risk management as well as the operational mechanism related to the derivatives markets.
• Know the regulatory environment in which the derivatives markets operate in India.
Exam Format and Information
Exam Name NISM Series XIII: Common Derivatives | Exam Code 0 |
| Exam Duration 180 mins | Exam Format Multiple Choice |
| Exam Type 0 | Number of Questions 150 Questions |
| Validity 3 Years | Exam Fee Rs 3000 |
| Exam Language English | Pass Score 60% and above |
NISM Series-XIII: Common Derivatives FAQs
What number of questions will there be in the exam?
There will be 100 questions in the exam.
Is there any assistance from Testprep Training in terms of exam preparation?
Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.
How the exam scores are calculated?
After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.
What is NISM Series XIII: Common Derivatives Exam?
The examination seeks to create a common minimum knowledge benchmark for:
• The approved users and sales personnel of the trading members of the Currency Derivatives Segment of a recognised stock exchange and trading in Currency Derivatives
• 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 associated persons functioning as approved users and sales personnel of the trading members of an equity derivatives exchange or equity derivative segment of a recognized stock exchange
What is the purpose of the exam?
The purpose of the exam is to enable a better understanding of various derivatives products available in the three derivatives segments (i.e., Equity Derivatives, Currency Derivatives and Interest Rate Derivatives), regulations and risks associated with these products and the exchange mechanisms of clearing and settlement. The examination also covers knowledge competencies related to the understanding of the financial structure in India and the importance of the different rules and regulations governing the Indian securities market, especially those related to the exchange traded derivatives.
Is there any prerequisite for the exam?
There are no prerequisites required for NISM Series XIII: Common Derivatives Exam.
How many questions will be there in the exam?
There will be 150 questions which have to be completed in 180 minutes.
Who are the intended audience for the exam?
NISM has launched the NISM-Series-XIII: Common Derivatives Certification Examination as an "additional choice" which the candidates may choose to take instead of appearing for the Currency Derivatives (Series-I), Interest Rate Derivatives (Series-IV) and NISM’s Equity Derivatives (Series-VIII) examinations individually.
The following persons can take NISM-Series-XIII: Common Derivatives Certification Examination:
1. All approved users and sales personnel of trading members of currency derivatives, interest rate derivatives and equity derivatives segments of recognized stock exchanges
2. Interested students/professionals
3. Any other individuals
What is the fee structure of the exam?
The fees for NISM Series XIII: Common Derivatives Exam is Rupees One Thousand Five Hundred only (Rs. 3000/-).
What is the passing score of the exam?
The candidate has to secure 60% in order to pass the exam.
Examination Objectives:
On successful completion of the examination the candidate should:
• Know the basics of the Indian derivatives market (covering Equity Derivatives, Currency Derivatives and Interest Rate Derivatives).
• Understand the various trading and hedging strategies that can be built using futures and options.
• Understand the clearing, settlement and risk management as well as the operational mechanism related to the derivatives markets.
• Know the regulatory environment in which the derivatives markets operate in India.
Can we try the free test before purchasing the practice exam?
Yes testprep training offers free practice tests for the NISM Series XIII: Common Derivatives Exam which can be used before the final purchase for complete test.
What is the validity period of the certificate?
The certificate will be valid for 3 years from the date of the examination.
What variety of questions appears in the exam?
There will only be multiple-choice and multi-response questions covered in the exam.
Do TestprepTraining provide practice set questions for NISM Series XIII: Common Derivatives Exam?
TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.
How do I renew my certificate?
To renew your current certificate, you need to appear for NISM CPE for Common Derivatives, when it is made available, or successfully pass the NISM Common Derivatives Certification Examination before the expiry of such certificate.
What is the assessment structure?
The NISM-Series-XIII: Common Derivatives Certification Examination will be a 150 marks examination to be completed in 3 hours. It will have 150 questions of 1 mark each. There will be negative marking of 25% of the marks assigned to a question. The passing score for the examination is 60% which is 90 marks out of total marks of 150.
Do you provide any preparation guidance for this certification exam?
Yes our experts frequently blog about the tips and tricks for exam preparation.
For how long is the license valid after purchase?
Once purchased, the practice exams can be access for the lifetime.
Do you offer any discount on the bulk purchase?
Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.
Does Testprep Training offer Money Back Guarantee for the Exam Simulator?
Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the NISM Series XIII: Common Derivatives Exam cost.