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NISM Series VIII study materials
NISM Series VIII study resources

NISM Series VIII study guide

NISM Series VIII · Work through your exam, one topic at a time.

NISM-Series-VIII: Equity Derivatives Certification Examination is listed by the National Institute of Securities Markets (NISM) under the Derivatives group of certification examinations, alongside the Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives and Common Derivatives examinations. NISM describes itself as a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India, carrying out capacity building activities aimed at enhancing quality standards in securities markets. NISM also states that SEBI mandates NISM certifications for certain roles, and that candidates register for certification examinations through NISM's Certification Portal by choosing a module and selecting an exam centre or a remote proctored option. This page is an independent study resource and is not affiliated with, endorsed by, or operated by NISM or SEBI. The official NISM page for this examination is the authoritative place to confirm the current syllabus, fees, duration, marks, passing criteria, certificate validity and any revision notices before you book a slot. Treat any figure you see elsewhere as unverified until it matches the official page. Topics on this exam: Equity Derivatives (official content domains not enumerated in source). The NISM Series VIII study guide has 1 section and about 399 words.

01

Equity Derivatives

NISM Series VIII tests equity derivatives from contract design through margining, settlement and regulation: forwards vs futures, option payoffs and moneyness, order types, clearing corporation mechanics, SPAN/exposure margins, position limits and STT. Futures are exchange-traded, standardized and marked to market daily; forwards are OTC and carry counterparty risk. All exchange-traded Indian equity options (index and single-stock) are European - exercise only at expiry. Index derivatives are cash-settled; single-stock futures and options are physically settled.

399 words, about 2 min

More study resources for NISM Series VIII

  • Practice questionsIn the Indian equity derivatives market, which exchange-traded contract obliges the buyer to purchase the underlying shares at a fixed strike price on the expiry date?
  • FlashcardsForward contract payoff. For the long, payoff at maturity equals spot price minus the agreed forward price.
  • Cheat sheetA forward is a bilateral OTC contract to buy/sell an asset at a fixed price on a future date; payoff at maturity for the long = Spot − Forward price, and the contract carries counterparty credit risk.
  • Key termsDerivative. A financial contract whose value is derived from an underlying asset such as a stock, index, currency, or commodity, rather than being a claim on the asset itself.
  • Study planMap the full NISM Series VIII syllabus against your current knowledge and mark every sub-topic as strong, weak, or unknown.
  • Common mistakesCandidates assume the exam is numerically heavy and skip the regulatory chapter, but NISM Series VIII tests the SEBI (Stock Exchanges and Clearing Corporations) framework, contract specifications, and investor-protection provisions as a distinct, frequently examined block.
  • Exam-day guideNISM Series VIII (Securities Operations and Risk Management) is delivered through NISM's own test centres and also through other arrangements, so log in to your NISM account and re-read the admit card or confirmation email for the exact centre address, reporting time and reporting window.