About NISM-Series-I: Currency Derivatives Certification                                                                             Examination (NISM-Series-I: CD Examination)



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This Examination seeks to create a common minimum knowledge benchmark for persons working in the Currency Derivatives market segment, in order to enable a better understanding of currency markets and exchange traded currency derivatives products, better quality investor service, operational process efficiency and risk controls. 
Examination Objectives 
On successful completion of the Examination, the candidates should: 
  • Know the basics of currency markets and specifically Exchange Traded Currency Derivatives markets.
  • Understand the trading, clearing and settlement mechanisms related to Currency Derivatives markets and basic investment strategies that use currency futures and options products.
  • Know the regulatory environment in which the Currency Derivatives markets operate in India.   
Assessment Structure

The NISM-Series-I: CD Examination is for 100 marks, consisting of 100 questions of 1 mark each, and should be completed in 2 hours. There is negative marking of 25% of the marks assigned to a question. The passing score for the examination is 60%.

For registration click here



Rs.1,000.00 (Inclusive of Study Material)


Candidates interested in taking the test in Mumbai may approach the BSE Institute Ltd. with a DD of Rs. 1,000.00 drawn in favour of "BSE Ltd." payable at par.

Candidates interested in taking the test at any of the regional centres i.e. Delhi, Kolkata, Chennai, Ahmedabad, Rajkot and Cochin may approach the respective centres with a DD of Rs. 1,000.00 drawn
in favour of "BSE Ltd." and payable at par.


Fees once paid will not be refunded and validity period for the fees would be 180 days from the date of the payment.


For Curriculum click here 

For Test objectives  click here    


For more information on NISM and the NISM-Series-I: CD Examination click here  (or copy paste www.nism.ac.in in your web browser)