NISM Series IV (Interest Rate Derivatives) study guide
NISM Series IV (Interest Rate Derivatives) · Work through your exam, one topic at a time.
The NISM-Series-IV: Interest Rate Derivatives Certification Examination is one of the certification examinations offered by the National Institute of Securities Markets (NISM), a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. NISM lists this examination within the Derivatives group of its certification examinations, alongside the Series-I Currency Derivatives, Series-VIII Equity Derivatives, Series-XVI Commodity Derivatives and Series-XIII Common Derivatives examinations, and it also maintains a dedicated Interest Rate Derivatives CPE/eCPE continuing education route for certified professionals. The examination is aimed at candidates who work with, or intend to work with, interest rate derivative products in the Indian securities markets, and at professionals who need to demonstrate current knowledge of that product area. Because the published examination page was not retrievable at the time of writing, this page does not state the number of questions, the duration, the passing score, the fee, the retake rules or the validity period of the certificate; candidates should confirm those details, and the applicable syllabus and study material, directly with NISM before booking. Topics on this exam: Interest Rate Derivatives (interest rate markets, products, trading, clearing, settlement and regulatory framework). The NISM Series IV (Interest Rate Derivatives) study guide has 1 section and about 398 words.
01Interest Rate Derivatives - Markets, Products, Trading, Clearing, Settlement and Regulation
This domain tests the rupee interest-rate complex: exchange-traded interest rate futures (IRF), OTC forwards, FRAs, interest rate swaps and overnight indexed swaps, plus trading, clearing, settlement and regulation. NISM expects working knowledge of pricing, hedging and the settlement mechanics, not just product names. IRF are cash-settled futures on a notional Government of India security. NSE's 10-year contract has Rs 2,00,000 face value, is quoted per Rs 100 face value, and ticks in 0.25 paise (Rs 0.0025).
398 words, about 2 min