NISM Series VIII: Equity Derivatives Certification Examination Frequently Asked Questions (FAQs)

25
Jan
2015

Free NISM Equity Derivatives Mock Test  Premium NISM Equity Derivatives Mock Test

The NISM Equity Derivatives Certification Examination is the NISM Series VIII of NISM Certifications. The exam was launched on October 08, 2012 and is one of the oldest NISM Certifications. After launch of NISM Equity Derivatives Exam, the NCFM Derivatives Market Dealers Module, which was earlier conducted by NSE and BSE's Certificate on Derivatives Exchange conducted by BSE cease to be the mandatory certification required to be obtained by associated personnels. In other words, both NCFM Derivatives Market Dealers Module and BSE's Certificate on Derivatives Exchange are now replaced by NISM Series VIII Equity Derivatives Certification Examination and is now conducted by NISM. Therefore, if you are planning to undertake a derivative market related exam, it would be wise to take the NISM Equity Derivatives Exam. NISM Series VIII Equity Derivatives Certification Examination is an entry level exam for professionals working in the equity derivatives segment, e.g., dealers, brokers, etc. The exam is one of the most difficult exams of NISM with a nation-wide pass rate of less than 50%. The exam is a mandated one under SEBI (CAPSM) Regulations, 2007. Our team has drafted a few FAQs about the examinations for the benefit of exam takers.

Who should take the NISM Equity Derivatives Certification Examination?

Any associated person functioning as an approved user and sales personnel of the trading member of an equity derivatives exchange or equity derivative segment of a recognized stock exchange is required to take the NISM Series VIII Equity Derivatives Certification Examination. In other words, any professional working or dealing with the client in regards to the equity derivatives products such a futures and options needs to pass the NISM Equity Derivatives Exam. This includes entrepreneurs or businessmen setting up sub-broking offices, executives dealing with their clients or working in back-office and performing activities related to Equity Derivative products. All stock exchanges in India (NSE, BSE, MSEI, etc.) have made it mandatory to submit the NISM Equity Derivatives Certificate in order to obtain the Equity Derivatives terminal.

What topics are covered under the NISM Series VIII Equity Derivatives Certification Examination?

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.

Where can I obtain the NISM Series VIII Equity Derivatives Study Material?

Soft copy of the NISM Equity Derivatives Study Material can be downloaded free of cost from our website. If you wish to purchase a physical copy of NISM Equity Derivatives book, you can purchase it online and the book will be delivered to your address. The books are also available at major bookstores across India.


Where can I find NISM Mock Test for NISM Equity Derivatives Exam?

Free NISM Series VIII Equity Derivatives Mock Test for NISM Series VIII Equity Derivatives Exam is available at our website. The mock test consists of 10 sample questions and can be accessed by logging into our website. Premium NISM Mock Test for NISM Equity Derivatives Exam consisting of 8 premium quality mock tests with 800 questions is also available at Rs. 399/- only. Each NISM mock test has a validity of 45 days and can be attempted 3 times during the subscription period.


How can I register and enroll for the NISM Equity Derivatives Exam?

Registration and Enrollment for all NISM Certification Examinations can be done online through NISM Certification Portal. For Registration to the NISM Certification portal, you should have your Permanent Account Number (PAN), Scanned Copy of your PAN Card, Soft Copy of your photograph, a valid email address and your basic details such as your Name, Date of Birth, Educational Details, Employment Details, etc. After successful submission of the online NISM Registration form, you will receive a NISM Registration Number and an activation link on your email. You will need to click on the activation link to activate your NISM Account. After activation, you will be able to login.

After login using your email and password, you need to goto "Enrolment" -> "Enroll for Examination" link and following the following steps:

Step 1: Selection of Examination: Here you need to select the NISM Series VIII Equity Derivatives Certification Examination.

Step 2: Check Seat Availability: Select the Exam City, Test Centre of your choice and the Date Range during which you wish to take the exam.

Step 3: Select a Time Slot: You will shown the availability of Test Slots for the exam. Select one and click "Enroll for the Examination".

Step 4: Make Payment: Please accept the terms and conditions and proceed for online payment using credit card, debit card or internet banking.

After successful payment, your Admit Card will be generated. You should carry this admit card and an original identity card to the examination centre, 30 minutes before the actual exam time. Acceptable identity cards are PAN Card, Driving License, Passport, Aadhar Card only.


What is the assessment structure for NISM Series VIII Equity Derivatives Certification Examination?

DURATION

120 MINUTES

NO. OF QUESTIONS

100

MAXIMUM MARKS

100

PASS MARKS

60

NEGATIVE MARKS

25% FOR EACH WRONG ANSWER

CERTIFICATE VALIDITY

3 YEARS FROM DATE OF EXAM

EXAM FEES

Rs. 1500/-


What is the syllabus outline for NISM Series VIII Equity Derivatives Certification Examination?

Chapter No.

Chapter Name

Weightage (%)

Unit 1

Basics of Derivatives

8%

Unit 2

Understanding Index

2%

Unit 3

Introduction to Forwards and Futures

25%

Unit 4

Introduction to Options

25%

Unit 5

Option Trading Strategies

3%

Unit 6

Introduction to Trading Systems

4%

Unit 7

Introduction to Clearing and Settlement System

13%

Unit 8

Legal and Regulatory Environment

15%

Unit 9

Accounting and Taxation

3%

Unit 10

Sales Practices and Investor Protection Services

2%


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