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