Duration : 120 minutes
No. of questions : 60
Maximum marks : 100, Passing marks : 50 (50%); There is negative marking for incorrect answers.
Certificate Validity : For successful candidates, certificates are valid for 5 years from the test date.
Rs. 1,500/- (Rupees One Thousand Five Hundred only).
DERIVATIVES AS A RISK MANAGEMENT TOOL
Concept of risk; Risk management; Types of traders in the derivatives markets.
Exchange rate; Fixed and floating exchange rate regime; Factors affecting exchange rates; Concept of quotes; Tick-size; Spreads; Spot transaction and forward transaction.
Forward contracts; Futures contracts; Pricing of futures contracts.
STRATEGIES USING CURRENCY FUTURES
Hedging, speculation and arbitrage in currency futures.
NSE's CURRENCY DERIVATIVES SEGMENT
Product definition; Trading underlying versus trading futures; Uses of currency futures at NSE.
TRADING, CLEARING, SETTLEMENT and RISK MANAGEMENT
Membership; Future contract specifications; Trading system; The trader workstation; Basis of trading; Client-Broker relationship in derivatives segment; Clearing entities; Position limits; Margins; Settlement of contracts.