The objective of this examination is to establish a unified standard of essential knowledge for individuals functioning as approved users and sales personnel of trading members within the equity derivatives market. By doing so, it aims to cultivate a deeper understanding of various derivatives products, associated regulations, risks, and exchange mechanisms pertaining to clearing and settlement.

Examination Objectives:

Upon successful completion of the examination, candidates should:

1. Possess a foundational understanding of the Indian equity derivatives market.
2. Comprehend the diverse trading strategies achievable through futures and options on stocks and stock indices.
3. Understand the intricacies of clearing, settlement, risk management, and operational mechanisms within equity derivatives markets.
4. Be knowledgeable about the regulatory framework governing equity derivatives markets in India.

Assessment Structure:

The NISM-Series-VIII: ED Examination is a 100-mark test to be completed within 2 hours, consisting of 100 questions worth 1 mark each. Negative marking of 25% applies to incorrectly answered questions. The passing score for the examination is set at 60%.

Test Details:

- Name of Module: NISM-Series-VIII: Equity Derivatives Certification Examination
- Fees (Rs.): 1500+ (Payment gateway charges extra)
- Test Duration (in minutes): 120
- Number of Questions: 100
- Maximum Marks: 100
- Pass Marks: 60%
- Certificate Validity (in years): 3