Description
NISM-Series XXII: Fixed Income Securities Certification Examination is crucial for all the associated persons involved in the fixed income securities and debt markets. It gives an overview of the fundamentals of the Indian debt markets as well as the various jargon used in the sector. It aims to improve the quality of services offered by professionals in this market and to increase knowledge and proficiency in Fixed Income Securities markets. It enhances the knowledge and proficiency in the Fixed Income Securities markets in India by covering detailed information on:
- Overview of the Indian Debt Market
- Types of Fixed Income Securities
NISM has created this examination to cater the need for qualified resources to understand the fixed income securities market and put these concepts into practice.
Highlight
In India, the market for fixed income securities has expanded significantly in terms of transaction volume and value. NISM has developed a certification program in this field in order to produce a qualified pool of professionals with expertise in fixed income securities. For individuals working in the fixed income securities industry, including brokers, dealers, students, and those aspiring to a career in this field, the NISM Fixed Income Securities Certification Examination serves as a prerequisite. It includes:
- Overview of the Indian Debt Market
- Types of Fixed Income Securities
- Risks Associated with Investing in Fixed Income Securities
- Pricing of Bonds
- Yield Measures and Total Return
- Term Structure of Interest Rates
- Measuring Interest Rate Risk
- Indian Money Market
- Government Debt Market
- Corporate Debt Market
Objective
- Fundamentals of Indian Debt Markets and various debt market jargon.
- Recognize how fixed income securities are classified according to a number of factors, including issuer, maturity, coupon, currency, embedded options, etc.
- The risks of investing in fixed income securities
- Understand Bond Pricing, including price-yield relationships, floating rate bonds, and bond price time trajectories.
- Know the Origins of Returns and the conventional yield metrics
- Recognize the relationship between spot and forward rates as well as the Term Structure of Interest Rates.
- Comprehend the Principles of Measuring Interest Rate Risk, such as duration, modified duration, basis point price value, convexity measures, etc.
- Understand the Government Debt Market in India, including the issuance mechanism, secondary market, clearing and settlement, valuation, and important regulatory guidelines.
- Know the Indian Money Market and comprehend the various instruments available in the money market.
- Comprehend the Indian Corporate Debt Market, taking into account the secondary market, issuance process, and important regulatory requirements.
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