NISM Series IV : Interest Rates Derivatives Exam FAQs
What is the NISM Series IV : Interest Rates Derivatives exam ?
The NISM Series IV: Interest Rates Derivatives exam sets a minimum knowledge benchmark for the people who work in the Interest Rate Derivatives market sector. It provides better understanding of fixed-income securities markets and interest rate derivative products, rules, regulations along with the risks that are associated with these products accompanied by the exchange mechanisms of clearing and settlement.
What skills does NISM Series IV : Interest Rates Derivatives exam impart?
Passing the NISM Series IV: Interest Rates Derivatives examination will enable you to-
- Understand the analytical framework that is required for Bond Futures market in India along with involved trading and hedging strategies.
- Know the fundamentals of fixed-income securities markets and specifically interest rate derivative markets in the developed world.
- Understand the clearing, settlement and risk management along with the operational mechanism involved in interest rate derivatives markets.
- Know about the regulatory environment In India in which the interest rate derivatives markets operate.
Which professional groups are targeted in this exam?
This exam is basically intended for the following groups-
- Students
- Industry professionals
- Approved users and the sales personnel of ‘Trading Members’ who have been registered in the Currency Derivatives Sector of any recognized stock exchange and trading in Interest Rate Derivatives
- Individuals who have interest in working in Interest Rate Derivatives market
What is the syllabus of this exam?
1: Fixed-income or Debt Securities – Introduction
2: Interest Rate – Introduction
3: Return and Risk Measures for Debt Securities
4: Interest Rate Derivatives
5: Contract Specification for Interest Rate Derivatives
6: Trading, Clearing, Settlement and Risk Management
7: Regulations and compliance
8: Trading and Hedging
What is the duration for completion of NISM Series IV : Interest Rates Derivatives exam?
The time duration of the exam is 2 hours .
What kind of questions come in this exam?
Moreover, the questions asked in the exam are all multiple-choice type questions.
How can one schedule the NISM certification exam?
You can apply for the exam following the steps given below:
- Register with the NISM Portal
- Use your email address and password to login
- Check availability of seats
- Schedule the test or enroll online
- Make payment using Credit Card / Debit Card/ Net Banking
- Download the Admit Card
- Download the Study material
- Access Exam Results
How much do one need to score in order to pass the exam?
The passing score for the exam is 60%.
How can one apply for special accommodation at NISM ?
If you require special accommodation while appearing for NISM Series IV: Interest Rates Derivatives exam then you are required to inform NISM regarding the same. Therefore, you have to send the Special Accommodation form to NISM at least 30 days in advance in order to get assistance for special accommodations. So, you will be given the approval/denial for Special Accommodation by NISM after assessing its need at its sole discretion.
Where can one find the sample exams for NISM Series IV : Interest Rates Derivatives exam?
You can look for sample test papers at the official website of NISM. This will help you in getting familiar with the pattern of exam and would enable you to prepare for the exam better.
How many questions does this exam asks?
100 questions
How can one prepare for this exam?
In order to prepare for the exam, you can follow series of steps given below:
- Go through the topics of exam
- Review the basic details
- Make use of the following study resources
- NISM provides it’s workbooks for studying. You can order these workbooks online through Taxmann Publications Private Ltd.
- You can look for model test papers at NISM. This will help you in getting familiar with the pattern of exam and would enable you to prepare for the exam better.
- Alongside, you can also go for online trainings provided by different platforms. This will help you in learning the basics at at greater pace. Moreover, self-study can also do the needful.
- Join study groups
- Solve practice tests
What does Testpreptraining offer for this exam?
Well, Testpreptraining offers variety of professionally designed practice tests. These frame of these tests is in a way to provide you unique set of challenging questions that will help you not only in evaluating your level of preparation but also in boosting confidence. You can even create your own practice tests at the website. Thus, the actual exam seems like another practice test and it becomes easy to crack the exam in one go.
