NISM XIII · Common Derivatives
Equity, currency and interest rate derivatives. The route to SIF distribution for V-A holders. 14 chapters.
14 chapters~141 minCertification42 check questions
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01
Basics of derivatives10 min · What a derivative is, the four building blocks, OTC versus exchange-traded, who trades them, and how India got here.
Start · +20 XP
Start · +20 XP
02
Understanding the index10 min · How Nifty 50 and Sensex are built on free-float market cap, what impact cost measures, and index funds versus index…
Start · +20 XP
Start · +20 XP
03
Forwards and futures10 min · Cost-of-carry pricing, basis, contango and backwardation, payoff lines, initial and maintenance margin, daily…
Start · +20 XP
Start · +20 XP
04
Options: basics and payoffs9 min · Calls and puts, moneyness, intrinsic and time value, European versus American, and long and short payoffs…
Start · +20 XP
Start · +20 XP
05
Option pricing and the Greeks9 min · What moves an option premium, put-call parity with numbers, the Black-Scholes inputs, and delta, gamma, theta, vega…
Start · +20 XP
Start · +20 XP
06
Trading strategies10 min · Beta hedging with index futures, covered calls, protective puts, bull and bear spreads, straddles, strangles…
Start · +20 XP
Start · +20 XP
07
Trading systems, clearing, settlement and risk management11 min · Order types, how the clearing corporation guarantees trades, SPAN and exposure margins, daily and final settlement…
Start · +20 XP
Start · +20 XP
08
Currency markets: basics10 min · How exchange rates are quoted, spot versus forward, why interest rates drive forward rates, and who regulates…
Start · +20 XP
Start · +20 XP
09
Currency futures10 min · Contract specifications for USD/INR and other pairs, pricing from the interest differential, margins, settlement…
Start · +20 XP
Start · +20 XP
10
Currency options and operations10 min · USD/INR options on the exchange: premium quoting, payoffs, hedging an importer or exporter, settlement, margins…
Start · +20 XP
Start · +20 XP
11
Interest rates and fixed income basics9 min · G-Secs and T-bills, the price-yield relation, yield to maturity, Macaulay and modified duration with a worked example…
Start · +20 XP
Start · +20 XP
12
Interest rate futures and options10 min · Cash-settled G-Sec futures and T-bill futures, MIBOR and overnight index swaps, interest rate options…
Start · +20 XP
Start · +20 XP
13
Legal and regulatory environment, accounting and taxation11 min · SCRA, the SEBI Act, exchange bye-laws, F&O stock eligibility, how derivatives are accounted for, and how F&O income…
Start · +20 XP
Start · +20 XP
14
Sales practices, code of conduct and investor protection12 min · KYC and the risk disclosure document, suitability, unauthorised trading, contract notes, margin collection…
Start · +20 XP
Start · +20 XP
The real exam
NISM Series XIII: Common Derivatives
150Questions
180Minutes
60%Pass mark
YesNegative
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