Introduction

National Institute of Securities Market (NISM) is a public trust, established by SEBI, whose objective is to promote securities market education and research. NISM caters the educational needs of various constituencies such as investors, issuers, intermediaries, regulatory staff, policy makers, academia and future professionals of securities markets. NISM is mandated to implement certification examinations for professionals employed in various segments of the Indian securities markets. To know more about NISM, and register for the examination, click on www.nism.ac.in

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.

 

Objective

The preparatory course aims 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) and understand the various trading and hedging strategies that can be built using futures and options, regulations and risks associated with these products and the exchange mechanisms of clearing and settlement. During this programme the students will be able to understand 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.We provide all kind of support to the participants to ensure that they clear the examination with flying colors.

 

Benefits

This programme will enable the students to prepare exhaustively for the NISM Series XIII Certification Examination.The participants of this course will be provided with a series of preparatory videos,free email query,online student's community support where they can post their queries  and study materials.There are mock tests designed after each session to check and ensure the level of understanding of the students.All the knowledge content is provided by Kredent Academy.

 

Topics Covered

Basics of Derivatives:

• Definition
• Importance
• Derivative products
• Market Participants
• Types of Derivative Markets
• Risks

Introduction to the Underlying Markets:

• Types of Financial Markets
• Stock Exchange
• Index:Computation Management and Revision
• Currency Markets
• Fixed Income Securities Market

Introduction to Forwards and Futures:

• Basics of Forward and Future Contracts
• Cash & Carry Model for Future pricing
• Currency & Interest Rate Futures

Strategies Using Futures :

• Hedging Strategies
• Speculative Strategies
• Arbritage Strategies
• Spread Strategies

Introduction to Options:

• Basics of Options 
• Moneyness of Options
• Option Greeks
• Option Priicng
• Option Payoffs

Option Trading Strategies:

• Combination Strategies
• Range Bound View Strategies
• Breakout View Strategies
• Other Strategies

Introduction to Trading, Clearing, Settlement & Risk Management:

• Clearing Mechansim
• Settlement Mechansim

Legal and Regulatory Environment :

• Regulatory framework for trading
• Regulatory Framework  for Clearing & Settlement & Risk Management
• Regulatoy Framework for Currency Exchange Clearing Corporation
• Various Regulators in Bond& Interest Rate Derivatives Market
• Regulatory Reporting requirement for Interest Rate Derivatives
• Role of FIMMDA in fixedincome & derivative markets in India
• Major recommendations of J.R Verma Committe & L.C Gupta Committee

Accounting and Taxation:

• Accounting entries for Equity Derivatives
• Accounting entries for Currency Futures
• Taxation for Equities

Sales Practices, Code of Conduct and Investor Protection Measures:

• Code of conduct for Brokers and sub-brokers
• Basics of Investor Protection Mechanisms
• Customer Due Diligence
• Investor Grievance Mechansism

Intended Participants

NISM-Series-XIII: Common Derivatives Certification Examination is useful for fresher’s who are new to the market and would like to get introduced to the basic knowledge of Derivative markets in all segments (i.e., Equity Derivatives, Currency Derivatives and Interest Rate Derivatives). 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 , Interest Rate Derivatives or equity derivatives, this course is a perfect choice!

 

Summary

• 20 Videos
• 6+ Hours of Content
• 3 Supplementary Study Materials
• Chapterwise  Tests
• Full-Length Tests