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NISM XIII
Created by
Ashish Godse
Categories
Financial Markets
Overview
Curriculum
Instructor
FAQs
NISM Series-XIII: Common Derivatives is a professional certification exam in India that sets a minimum knowledge benchmark for derivative products across three major market segments:
- Equity Derivatives
- Currency Derivatives
- Interest Rate Derivatives
It provides a unified qualification instead of taking separate exams for each derivative segment, making it a versatile and comprehensive credential for careers in capital markets.
- Curriculum
Introduction to Derivatives
- Definition, features, and types (Futures, Options, Swaps, Forwards)
- Participants and functions of derivatives markets
Futures Contracts
- Structure and pricing of futures
- Margining, settlement, and hedging strategies
Options
- Call and Put options
- Option pricing and payoff diagrams
- Strategies for hedging, speculation, and arbitrage
Swaps
- Types: Interest rate swaps, currency swaps
- Mechanics, valuation, and applications
Risk Management Using Derivatives
- Hedging and speculation techniques
- Measuring and managing derivative risks
Derivatives Market Infrastructure
- Exchanges vs OTC markets
- Clearing, settlement, and regulatory framework
Case Studies & Practical Applications
- Real-world derivative transactions
- Portfolio hedging examples and lessons from market events
About the Instructor
Asish Godse
Ashish D. Godse is a MBA Graduate and CFA Charterholder with over 15 years of experience in finance, academia, and entrepreneurship.
He has more than a decade of teaching experience at various institutions including 4 years as professor of finance in a premier B-school. He is currently working as Research Analyst for an American firm.
As a seasoned educator and industry professional, Ashish brings a wealth of knowledge and practical insights to the classroom, making complex financial concepts accessible and engaging for his students. He has specialization in Financial Modeling, Valuation, Equity, Derivatives, and Corporate Finance.
He has more than a decade of teaching experience at various institutions including 4 years as professor of finance in a premier B-school. He is currently working as Research Analyst for an American firm.
As a seasoned educator and industry professional, Ashish brings a wealth of knowledge and practical insights to the classroom, making complex financial concepts accessible and engaging for his students. He has specialization in Financial Modeling, Valuation, Equity, Derivatives, and Corporate Finance.
What is the primary objective of the NISM Series – XIII examination?
To assess and certify that market participants have a thorough understanding of derivative products, their usage, trading mechanisms, pricing, and associated risks, ensuring they can operate in the derivatives market in a compliant and informed manner.
Who is required to take the NISM Series XIII examination?
Individuals working as approved users in derivatives segments at stockbrokers, trading members, or clearing members Persons involved in trading, dealing, or handling derivative products on behalf of trading members Employees of stockbrokers or intermediaries who support or execute derivatives trades
What are the key topics covered in the NISM Series XIII - curriculum?
The NISM Series XIII – Common Derivatives curriculum covers a comprehensive range of topics designed to help learners understand the functioning of the derivatives market. It includes an introduction to derivatives, their features, types, and market participants. The curriculum explains futures contracts in detail, including their structure, pricing, margining, settlement, and hedging applications.
How can I prepare effectively for the NISM Series XIII exam?
You can prepare effectively for the NISM Series XIII – Common Derivatives Exam by following a structured and strategic approach. Begin by thoroughly studying the official NISM workbook, as it covers the entire syllabus and closely aligns with the exam pattern.
What is the format of the NISM Series XIII examination?
The exam typically consists of multiple-choice questions (MCQs) covering various topics in Common derivatives, and candidates must achieve a minimum passing score to obtain certification.
Can I take the NISM Series XIII exam online?
Yes, the NISM Series XIII examination can be taken online through designated examination centres or NISM's official website, making it accessible to candidates across India.
What career opportunities are available after obtaining the NISM Series XIII certification?
Work with brokerage firms, trading members, or investment firms to execute futures and options trades. Analyze market trends, derivatives data, volatility, and trading strategies for investment decisions. Manage and monitor market, credit, and operational risks related to derivatives exposure in banks and financial institutions.
Will I receive a certification?
Yes, you can receive two certifications upon successful course completion: 1. Certificate from FPA Edutech after passing two tests with scores of 70% or above. 2. Certificate from NISM upon registration and passing the NISM certification exam.
