Derivatives (Advanced) Module: Exam FAQs
What is Derivatives (Advanced) Module?
Derivatives as a tool for risk management tend to be in trend and thus becoming increasingly important in world markets. Moreover, the presence and role of derivatives in India have shown a rapid increase in a regular manner over the years. These instruments are a crucial component of the overall financial sector strategy.
Further, Derivatives have found much of their use in the financial world. Here, the advantages are undisputedly high especially in hedging against risk.
What knowledge enhancement will there is Derivatives (Advanced) Module?
This will help you to understand various derivatives concepts. This offers:
- Firstly, to have full and in-depth knowledge about derivatives.
- Secondly, to learn and understand how to apply advanced techniques of valuation of securities and derivative products.
- Lastly, to learn and understand investment and hedging strategies.
Who is the target audience for Derivatives (Advanced) Module?
Derivatives (Advanced) Module is best suited for:
- Firstly, Students
- Secondly, Stock-brokers and sub-brokers dealing in derivatives
- Thirdly, Security Market Professionals.
- Fourthly, Finance Professionals
- Then, Portfolio Managers
- Next, Employees with banks and financial institutions.
- Lastly, Individuals with an interest in this area.
In how many languages NCFM exams are available?
NCFM exams are online and self-study exams that conducts across India that are available in the English language.
Is there any negative marking in the Derivatives (Advanced) Module?
During the Derivatives (Advanced) Module exam, an Open Office Spreadsheet will be provided with an allowance for all types of calculators during the test. But, there will be a 0.25% negative marking, if there are any incorrect answers.
How many questions will be there on Derivatives (Advanced) Module?
There will be a total of 55 questions in the exam that has to be answered in a time duration of 120 minutes.
What is the passing score for Derivatives (Advanced) Module?
To pass the Derivatives (Advanced) Module you have to score a minimum of 60%. And, in the exam, there will be objective type questions only. That is, for every question, you will find four / five alternative answers.
How much the Derivatives (Advanced) Module?
The exam will cost you Rs.2006/ inclusive of GST. And, the certification is valid for 5 years.
How to register for NCFM exam?
Candidates can register for the exam online by accessing the link ‘Online Registration’ available under Education then, click Certifications and Online Register / Enroll. After registration, you will receive a unique NCFM registration number along with a user id and password. Also, a confirmation will be sent to the email id and mobile number. After that, using the same, you can access your:
- Firstly, an online NCFM account to make payment
- Secondly, enroll for the test
- Thirdly, update the address
- Lastly, check study material status or viewing certificates
What is the course outline for the Derivatives (Advanced) Module?
The topics for Derivatives (Advanced) Module includes:
- Firstly, Derivatives & Quantitative Fundamentals
- Secondly, Fundamentals of Equity Futures
- Thirdly, Investment with Equity Futures
- Fourthly, Interest Rate Futures
- Then, Black-Scholes Options Pricing Model
- After that, Option Greeks
- Next, Currency Futures & Options
- Then, Swaps
- After that, Embedded Options in Debt Instruments
- Lastly, Credit Risk & Derivatives
Is there any eligibility criteria for Derivatives (Advanced) Module?
There is no eligibility criteria
What is the NCFM taking the test procedure?
- Firstly, candidates need to take the test at the designated NSE test center selected at the time of enrollment.
- Secondly, candidates need to be present at the test center 30 minutes prior to the test time. And, those reaching late will not have access to take the test. In such cases, the candidate would need to take the enrollment again.
- Thirdly, candidates need to carry an original Photo ID proof of verification. Valid photo ID proof includes PAN card, Driver’s License, Passport, Employee ID, Voter’s ID card, or Student ID card issued by college or school.
- Next, the candidate may bring a scientific calculator and a pen to the test venue. However, a backup sheet and rough sheet(s) would be provided to the candidates during the test.
What is the NCFM certificate issuing procedure?
NSE states that certificates for all modules will be given to the successful candidates at the test center itself. However, failed candidates will be provided with a scorecard at the test center. Candidates are requested to ensure that they collect the same before leaving the test center. Also, the successful candidates can view their certificates online under the link ‘Query/Report’ available in their NCFM online login.
How to upload photo for NCFM registration?
Candidates can upload photos online by accessing the link ‘Upload Photo’ available in their NCFM online login. Please note photo being uploaded should be:
- Passport size (3 X 3 cms or 1 X 1 inch or 150 X 180 pixels) (The photograph will be printed on your certificate. Hence, ensure that you upload appropriate passport size photograph only).
- in JPEG format.
- of file size below 30 KB
How to make NCFM exam payment?
Payment can be made online by accessing through online NCFM login. Then, under Education click Certifications and start online registration or enrollment. You must know that the validity of the NCFM test fees is revised from 180 days to 90 days from the date of receipt of payment. That is to say, it is necessary to enroll for the NCFM test within 90 days from the date of receipt of payment failing. However, fees once paid can not be refunded.
For More: Check Derivatives (Advanced) Module Page
