NISM-Series-VIII: Equity Derivatives Certification Examination

NISM-Series-VIII: Equity Derivatives Certification Examination

Here is the story,

When I was gone for “NISM Series: V - A (Mutual Fund Distributor Certification)”, I met with a friend who was come for this certificate i.e. “NISM- VIII - Equity Derivatives”. Instantly he had been placed in a brokerage form called “Angel Broking”. While I was talking with him, I came to know that this certificate of the derivative is mandatory for those candidates who are interested working in any brokerage firm.

So, to increase my career scope, I decided to have this certificate as well. This is how I involved in this exam.

The exam and exam pattern is mentioned below:

NISM-Series-VIII: Equity Derivatives Certification Examination

The exam seeks to create a common minimum knowledge benchmark for associated persons functioning as approved users and sales personnel of the trading member of an equity derivatives exchange or equity derivative segment of a recognized stock exchange.

The examination aims to enable a better understanding of various derivatives products available in equity derivatives markets, regulations and risks associated with the 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 equity derivatives segment.

Examination Objectives:

On successful completion of the examination the candidate should:

·         Know the basics of the Indian equity derivatives market.

·         Understand the various trading strategies that can be built using futures and options on both stocks and stock indices.

·         Understand the clearing, settlement and risk management as well as the operational mechanism related to equity derivatives markets.

·         Know the regulatory environment in which the equity derivatives markets operate in India.

Assessment Structure:

The NISM-Series-VIII: ED Examination will be a 100 marks examination to be completed in 2 hours. It will have 100 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%.

Test Details:

Name of Module: NISM-Series-VIII: Equity Derivatives Certification Examination

Fees (Rs.)	Test Duration (in minutes)	No. of Questions	Maximum Marks	Pass Marks*(%)	Certificate Validity (in years)#
1500+	120	100	100	60	3

Note 1:

* Negative marking – 25% of the marks assigned to the question.
+ Payment gateway charges extra.
# Passing Certificate will be issued only to those candidates who have furnished/updated their Income Tax Permanent Account Number (PAN) in their registration details.

Note 2:

I had been preparing from the study book provided by NISM. That is of 162 pages. So, I think this book file is enough for preparation. This file can be downloaded from different websites like:

-    NISM website Itself.

#  https://www.prepcafe.in/nism-study-material/file/16-nism-series-viii-equity-derivatives-study-material-workbook

#https://pass4sure.in/workbook/nism-series-viii-equity-derivatives-certification-exam-workbook

·         For short noteBooks

Visit

https://nism.modelexam.in/nism_study_material_simple.html

Thank you !!