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Preparing the latest fund data and research view.
NISM Series XIII module
SIFPrime interest rates module
Below the fold
| Chapter | Focus | Questions | Numericals | Traps | Weight |
|---|---|---|---|---|---|
| CH1Introduction to Interest Rate, Interest Rate Instruments and Markets | Yield, duration, PVBP, repo, T-bills, G-Secs and yield-curve risk | 105 | 8 | 45 | 25% |
| CH2Interest Rate Derivatives | IRD market structure, FRA, swaps, OTC vs exchange and participant roles | 20 | 0 | 8 | 5% |
| CH3Exchange Traded Interest Rate Futures | T-bill futures, bond futures, MIBOR, ticks, expiries and contract value | 78 | 10 | 25 | 20% |
| CH4Exchange Traded Interest Rate Options | Bond options, premium, payoff, volatility, straddles and Greeks | 48 | 7 | 20 | 8% |
| CH5Strategies using Exchange Traded Interest Rate Derivatives | Short/long hedges, duration hedge ratio, spreads, cash-and-carry arbitrage | 30 | 2 | 12 | 15% |
| CH6Trading Mechanism in Exchange Traded Interest Rate Derivatives | Trading members, order types, price bands, SPAN, VaR and position limits | 32 | 3 | 15 | 8% |
| CH7Clearing, Settlement and Risk Management | Clearing corporation, physical delivery, conversion factor, CTD, margins and SGF | 46 | 0 | 28 | 10% |
| CH8Regulatory Framework for Exchange Traded Interest Rate Derivatives | RBI-SEBI framework, participants, FPI limits, SCORES and SCRA | 11 | 0 | 5 | 5% |
| CH9Accounting and Taxation | AS 30, fair value, hedge accounting, taxation and stamp duty | 16 | 0 | 11 | 3% |
| CH10Code of Conduct and Investor Protection Measures | Code of conduct, KYC, RDD, arbitration, ODR, IPF and DvP | 12 | 0 | 6 | 5% |
Below the fold
Keep a 20-question daily rhythm. Numericals count 3x XP.