NISM-Series-XVI: Commodity Derivatives Certification
Enhance the quality of services as rendered by the Depository Participants
Course Highlights
Earn a certificate after passing an exam from NISM
Overview
Skills you will learn!
Derivatives
Finance
Commodity Trading
Futures
Derivatives Trading
Trading
Risk Management
Commodities
Forwards
Name of Module: NISM-Series-V-A: Mutual Fund Distributors Certification Examination?
• Duration 120 mins
• Format Multiple Choice
• Number of Questions 100 Questions
• Validity of Certificate: 3 Years
• Exam Language English
• Pass Score 50%
* No negative marks for incorrect answers.
+ Payment gateway charges extra.
# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax
Permanent Account Number (PAN) in their registration details.
Course Curriculum
A. History of Commodity Trading
B. Spot and Derivatives Trading in Commodities
C. Major Commodities Traded in Derivatives Exchanges in India
D. Participants in Commodity Derivatives Markets
E. Commodities Trading vis-à-vis Trading in Other Financial Assets
F. Commodity Markets Ecosystem
G. Factors Impacting the Commodity Prices
H. Commodity Options and Index Futures
A. Introduction to Futures
B. Distinction between Forwards and Futures
C. Cost-of-Carry
D. Convergence
E. Fair Value of a Futures Contract
F. Convenience Yield
G. Commodity Futures and Commodity Forwards
H. Pay-off Profile for Futures Contracts
I. Spot Price Polling and Final Settlement Price of Futures
A. Introduction to Options
B. Option Terminology
C. Pay-off Profiles of Options Contracts
D. Determinants of Option Premium
E. Options on Commodity Futures
F. Options on Goods
A. Commodity Index
B. Index Construction and its Constituents
C. Trading in Index Futures
D. Uses of Index Futures
A. Hedging
B. Long Hedge and Short Hedge Strategies Using Futures
C. Speculation
D. Arbitrage
E. Spread Trading
F. Basis
G. Option Trading Strategies
H. Hedging Strategies Disclosure Norms
A. Membership on Exchanges Having Commodity Derivatives Segment
B. Trading System in the Exchanges
C. Selection Criteria of Commodities for Trading on Derivatives
Exchanges
D. Contract Specifications for Commodity Derivatives Contracts
E. Profit/Loss per Contract for a Change of One Tick
F. Order Types and Conditions
G. Tracking Commodity Futures and Options Prices
H. Participants in Commodity Derivatives
I. Disclosures by Exchanges
B. Clearing and Settlement
C. Delivery Process
D. Entities Involved in the Clearing and Settlement Process
E. Premium/Discount
F. Penalty for Delivery Default
G. Deliveries in the Case of Physical Delivery
H. Risk Management for Exchange Traded Commodity Derivatives Markets
I. Position Limits and Computation of Open Position
J. Salient Features of Risk Containment Measures
K. Margining Mechanism
L. Additional Procedures for Other Market Segments
M. Raising of Bill for Delivery
A. Important Accounting Aspects related to Trading in Commodity
Derivatives
B. Guidance Note Issued by ICAI on Accounting Treatment of Derivative
Transactions
C. Accounting of Options Contracts
D. Important Tax Aspects Related to Trading in Commodity Derivatives
A. Regulatory Structure of Commodities Market
B. Securities Contracts (Regulation) Act, 1956
C. Securities and Exchange Board of India Act, 1992
D. Other Regulatory Norms to Encourage Commodity Derivatives
E. SEBI’s Code of Conduct for Brokers
F. Risk Disclosure to Client and KYC
G. Investors Grievance Redressal Mechanism
H. Rights and Obligations of Members and Clients
I. Additional Do’s and Don’ts for Clients / Investors in Commodity
Certificate Benefits:
- Better Job Opportunities and Career Advancement in the Financial Sector
- Improved knowledge and understanding of mutual fund products, which can help you provide better advice and service to your clients.
- Stay up-to-date
About Course Provider
About NISM:
National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets.
The institute’s six schools of excellence work in synergy towards creating professionalized 25 SEBI-mandated and voluntary examinations on various product and functional domains of securities markets conducted across 250+ accredited test centres across the country.
About Empirical F&M Academy:
A Centre of Excellence for Professional Trading Development and Enchase Empirical Academy, the education and training programmes have been spe- cially designed to meet the different needs of individuals and professionals. The education delivery formats such as seminars, courses and e-Training allow participants to choose their preferred mode of learning and achieve the desired learning outcomes.
Empirical Training Institute with long-term and Short term Job Oriented skill development courses with offline and online classes. Our specialization is in Job Oriented Training
