This book seeks to create a common minimum knowledge benchmark for persons working in the currency derivative segment to enable a better understanding of the following:

• Currency Markets
• Exchange Traded Currency Derivatives Products
• Better Quality Investor Service
• Operational Process Efficiency
• Risk Controls

It will benefit all those who want a better understanding of various derivatives products available in the exchange-traded currency derivatives markets in India.

The Present Publication is the September 2022 workbook version, published exclusively by Taxmann for NISM Certification Examination I [Currency Derivatives], with the following noteworthy features:

• [Know the Basics] of currency markets and specifically Exchange Traded Currency Derivatives markets
• [Understand] the trading, clearing and settlement mechanisms related to:
  • Exchange Traded Currency Derivatives markets
  • Basic Investment Strategies that use Currency Futures and Options products
• [Know the Regulatory Environment] in which Exchange Traded Currency Derivatives markets operate in India

The detailed contents of the book are as follows:

• Introduction to Currency Markets
• Foreign Exchange Derivatives
• Exchange Traded Currency Futures
• Exchange Traded Currency Options
• Strategies using Exchange Trade Currency Derivatives
• Trading Mechanisms in Exchange-Traded Currency Derivatives
• Clearing, Settlement and Risk Management in Exchange-Traded Currency Derivatives
• Regulatory Framework for Exchange Traded Currency Derivatives
• Accounting and Taxation
• Code of Conduct and Investor Protection Measures

About NISM Certifications:

NISM is a leading provider of high-end professional education, certifications, training and research in financial markets. NISM Certification programs aim to enhance the quality and standards of professionals employees in various segments of financial services sector. NISM’s School of Certification of Intermediaries (SCI) develops and conducts certification examinations and Continuous Professional Education (CPE) programs that aim to ensure that professional meet the defined minimum common knowledge benchmark for various critical market functions like:

• Mutual Funds
• Equities
• Derivatives
• Securities Operations
• Compliance
• Research Analysis
• Investment Advice

These Certifications and CPE Programs are being developed and administered by NISM as mandated under ‘Securities and Exchange Board of India (Certification of Associated Persons in the Securities Market) Regulations, 2007’. The Certifications creates quality market professionals and catalyzes greater investor participating in the markets. Certifications also provides structured career paths to students and job aspirants in the securities market.