Established by the Securities and Exchange Board of India. NISM-Series-I: Currency Derivatives Certification Examination. Page 1 of 4. NISM-Series-I: ...
NATIONAL INSTITUTE OF SECURITIES MARKETS. Established by the Securities and Exchange Board of India. NISM-Series-I: CD Examination. *** New Syllabus effective 21st February 2012 ***. Page 1 of 5. NISM-Series-I: Currency Derivatives Certification Exam
1 Workbook for NISM-Series-I: Currency Derivatives Certification Examination National Institute of Securities Markets www.nism.ac.in
NISM-Series-I: Currency Derivatives Certification Examination 14) In Exchange-traded currency futures contracts, who acts as a central counterparty to all trades?
Feb 1, 2010 ... NSE provides the facility of placing "2-Leg" & "3-Leg" orders which allow the user to execute two "Immediate or Cancel" (IOC) orders simultaneously in multiple currencies contracts. Explanation of 2-Leg Order: The participant may have
Download of foreign currencies, the price index, the credit rating or credit index ... considered as interest rate derivatives are forward time ... CROSS CURRENCY SWAPS.
On successful completion of the examination, the candidate should: • Know the basics of the Indian securities market and the depository system, the need
EFM EAMINATION REGISTRATION CATALOG NCCesite.org 2 National Certification Corporation 676 N. Michigan Ave., Suite 3600 Chicago, IL 60611-2832
India Inc. and financial sector intermediaries on "3 years of Currency Derivatives Segment" Currency futures has come a long way in these three years
Investing in Currency Derivatives Account Opening • To invest in Currency Derivatives you need to open a Trading and Demat account. If you have a trading
2 3. Common abbreviations and symbols a. Identify and understand utilization of medical abbreviations and symbols 4. Spelling a. Spell medical terms accurately
www.MODELEXAM.in - NISM, IIBF, IRDA, UGC NET, SSC, ... NISM SERIES I: CURRENCY DERIVATIVES Exam Details Total Questions 100 X 1 Marks Type Multiple Choice
Currency derivatives are complex financial instruments which are traded over – the – counter and this is a collective term used for futures,
v ADDA Drafter Certification Exam Sample Questions True or False T F The front view of an object contains the basic dimensions of height and width
1 Sample Green Belt Certification Examination Questions with Answers (Green Belt certification examinations assume that that the participant has successfully
September 01, 2017 2 Derivatives summary • Nifty (Sep) futures premium decreased significantly from 28.85 points to 19.30 points with 1.64 crore shares
4 Cash flow hedge On 31 December 20X4 and 20 March 20X5, the following journal entries (excluding any margin deposit for the futures contracts) would be recorded for
Warren Buffet on Derivatives ... today’s earnings are in a significant way based on estimates whose inaccuracy may not be exposed for many years
DAILY CURRENCY UPDATE All forecasts are expressions of opinion, are not a guarantee of future results, are subject to change without notice and may not meet our
Type of Scheme Investment Objective Fund Manager** Allotment Date Benchmark Index Minimum Investment Amount Systematic Investment Plan (SIP) Load Structure
Figure 3: Short equity index position To demonstrate this idea consider a portfolio’s exposure to market risk. For many short-term interest rate, equity, foreign
Westpac global currency card. Product Disclosure Statement. Dated 22 May 2017
Defining Derivatives A derivative is a financial instrument whose ... In futures trading, ... – Option is at the money
5. Multi-Algorithm Support Verge is a multi-algorithm cryptocurrency that is designed to enable people with different types of mining devices to have equal access to
Sep 1, 2017 ... THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. This Letter of Offer is sent to you as a registered Equity Shareholder of Mindtree Limited (the “Company”) as on the Record Date. (as defined below) in accordance with
NATIONAL INSTITUTE OF SECURITIES MARKETS Established by the Securities and Exchange Board of India
Introduction to Currency Markets History of foreign exchange markets Major currency pairs Overview of international currency markets Basics and Peculiarities of currency markets in India Settlement or value date Over-the-Counter (OTC) forward market Exchange rate arithmetic- cross rate Impact of market economics on currency prices Economic indicators
II. A. B. C. D. E. F.
Foreign Exchange Derivatives Evolution of derivatives Derivative products and features Growth drivers of derivatives Market players in the foreign exchange market Key economic functions of derivatives Exchange-Traded Vs. OTC derivatives
III. A. B. C. D. E. F. G. H. I. J. K. L. M. N. O. P.
Exchange Traded Currency Futures Currency futures Spot price Futures price Contract cycle Value date/Final settlement date Expiry date Contract size Initial margin Marking-to-market Rationale behind currency futures Standard items in a futures contract Introduction of currency futures in India Futures and forward contracts Advantages of futures contracts Limitations of futures contracts Interest rate parity and pricing of currency futures
NATIONAL INSTITUTE OF SECURITIES MARKETS Established by the Securities and Exchange Board of India
IV. A. B. C. D. E. F. G. H. I. J.
Strategies Using Currency Futures Role of speculation in futures markets Long position in futures Short position in futures Hedging using currency futures Types of hedgers Size of the hedging position Trading spreads using currency futures Concept of arbitrage Use of arbitrage in currency futures markets Arbitrage opportunities under various conditions
V. A. B. C. D. E. F. G. H. I. J. K. L.
Trading in Currency Futures Contract specification for currency futures Trading parameters Tenors of futures contract Expiry date Settlement price Entities in the trading system Types of orders Concept of Mark-to-Market (MTM) Position limits Allowable open position limits for members trading in currency futures Monitoring and enforcement of position limits in the currency futures market Surveillance systems and procedures of exchanges
VI. A. B. C. D.
Clearing, Settlement and Risk Management in Currency Futures Clearing entities Clearing mechanism Open positions and obligations of clearing members Settlement mechanism • MTM settlement • Final settlement Risk management measures Concept of margin requirements Initial margin Portfolio based margin Calendar spread margin Extreme loss margin Liquid net worth
NATIONAL INSTITUTE OF SECURITIES MARKETS Established by the Securities and Exchange Board of India L. M. N. VII. A. B. C. D. E. F. G. H. I.
J. K. L. M.
VIII. A. B. C. IX. A. B. C. D. E. F. G. H.
Liquid assets Real time computation Process of margin collection by Clearing Corporations Exchange Traded Currency Options Options Call and put option Bought and sold option Option premium Futures and options European vs. American option Moneyness of an option Option pricing and option Greeks Option pricing methodology • Black-Scholes model • Binomial pricing model Option pay offs Option strategies Practical application of currency options Clearing, settlement and risk management for currency options • Initial margin • Extreme loss margin • Net option value • Calendar margin Accounting and Taxation Accounting treatment for derivative contracts Taxation of derivative transaction in securities Tax treatment of profit/loss on derivative transaction in securities Regulatory Framework for Currency Derivatives Features of Securities Contracts (Regulation) Act, 1956 [SC(R)A] Features of Securities and Exchange Board of India Act, 1992 Recommendations of the RBI-SEBI Standing Technical Committee on Exchange Traded Currency and Interest Rate Derivatives Provisions of Foreign Exchange Management Act, 1999 Salient features of RBI notification ‘Currency Futures (Reserve Bank) Directions, 2008 Salient features of RBI Circular, ‘Guidelines on trading of Currency Futures in Recognised Stock / New Exchanges’ Salient features of SEBI Regulations for Currency Derivatives Exchanges Regulatory framework for clearing corporations
NATIONAL INSTITUTE OF SECURITIES MARKETS Established by the Securities and Exchange Board of India I. J.
Governing Council of the Exchange and Clearing Corporation Eligibility criteria for membership of currency derivatives exchanges
X. A. B. C. D. E. F.
Codes of Conduct and Investor Protection Measures Features of SEBI Codes of Conduct for brokers Features of SEBI Codes of Conduct for sub-Brokers Features of Codes of Conduct specific to Exchange Traded Currency Derivatives Segment Grievance redressal mechanism for investors Nature of complaints considered by exchanges Arbitration mechanism at exchanges
