NISM Series XIII Common Derivatives: pattern, syllabus and eligibility
NISM Series XIII is a single SEBI-recognised certification for associated persons who work across several exchange derivatives segments (equity, currency and interest rate derivatives), in place of passing each segment's exam separately.
NISM-Series-XIII: Common Derivatives Certification Examination is conducted by the National Institute of Securities Markets (NISM), the institute set up by SEBI. NISM Series XIII is a single SEBI-recognised certification for associated persons who work across several exchange derivatives segments (equity, currency and interest rate derivatives), in place of passing each segment's exam separately.
NISM Series XIII mock tests & question bank
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We're building NISM Series XIII practice on PrepClever. Until it launches, this page has the pattern, syllabus and eligibility.
Eligibility Criteria
schoolEducation
NISM publishes no minimum educational qualification for this exam.
cakeAge Limit
No prescribed minimum age.
flagNationality
No nationality condition is published. A PAN is needed to receive the certificate.
Exam Pattern
NISM Series XIII is a computer-based multiple-choice exam of 150 marks in 180 minutes. The pass mark is 60%, and each wrong answer costs 25% of a question's marks. The certificate is valid for 3 years.
NISM Series XIII Certification Exam
Computer-based, multiple choice180 min| Section | Questions | Marks |
|---|---|---|
| Full paper (all chapters of the NISM workbook) | - | 150 |
Key Topics & Syllabus
Derivatives basics
- check_circleForwards, futures, options and swaps
- check_circleUnderlying markets and participants
- check_circlePayoffs and option Greeks
Equity derivatives
- check_circleIndex and stock futures and options
- check_circlePricing and trading strategies
- check_circleHedging and arbitrage
Currency derivatives
- check_circleForeign exchange markets
- check_circleCurrency futures and options
- check_circleHedging currency exposure
Interest rate derivatives
- check_circleBond market fundamentals
- check_circleInterest rate futures
- check_circleDuration-based hedging
Clearing, risk and regulation
- check_circleMargins, settlement and risk management
- check_circleRegulatory framework and position limits
- check_circleInvestor protection and sales practices
How to Prepare
Register on the NISM certification portal
Create an account on NISM's certification portal and complete your profile with your PAN.
Select the exam and pay the fee
Choose NISM-Series-XIII: Common Derivatives Certification Examination and pay ₹3,000 plus payment gateway charges online.
Book your test slot
Pick a test centre, date and time from the available slots.
Study the official workbook
NISM's workbook for the series is the syllabus. Download the current version from the NISM website.
Take and pass the exam
150 marks in 180 minutes. Score at least 60%.
Important Dates (Tentative)
| Event | Expected Date |
|---|---|
| Exam availability | On demand, year-round at NISM test centres |
| Certificate validity | 3 years from passing |
* Dates are indicative based on historical patterns. Check the official website for confirmed dates.
Prepare for NISM Series XIII the smarter way
NISM Series XIII practice is coming soon. Use the pattern and syllabus on this page to plan your study.
NISM Series XIII guides
- SyllabusFull NISM Series XIII (Common Derivatives) syllabus: all 10 chapters of the current workbook and what each one covers, plus free practice.
- Exam PatternNISM Series XIII exam pattern: 150 marks in 3 hours, 0.25 negative marking, pass at 90 out of 150 (60%). Verify with NISM.
- Registration & DatesHow to register for NISM Series XIII: there are no fixed exam dates, so you book your own slot. Fee ₹3,000, 3-year validity, re-attempt rules.
- Study MaterialNISM Series XIII study material reviewed honestly: the official workbook, what it does and doesn't cover, and what to add. Free practice included.
- Previous Year PapersNISM publishes no past papers for Series XIII Common Derivatives. What the 150-question paper looks like, the question each unit produces, how to practise.
- Formula SheetThe 10 formulas NISM Series XIII questions use most: equity and currency futures pricing, payoffs, parity and MTM. With a worked example.
NISM Series XIII FAQ
Who needs NISM Series XIII?
NISM Series XIII is a single SEBI-recognised certification for associated persons who work across several exchange derivatives segments (equity, currency and interest rate derivatives), in place of passing each segment's exam separately.
What is the pass mark?
60%, which is 90 of 150 marks.
Is there negative marking?
Yes. Each wrong answer costs 25% of a question's marks.
What is the exam fee?
₹3,000 plus payment gateway charges, paid directly to NISM.
How long is the certificate valid?
3 years from the date of passing.
Can XIII replace Series I, IV and VIII?
That is what it is for: one certificate for persons working across equity, currency and interest rate derivatives. Check your employer's compliance requirement for your exact role.
Does PrepClever have NISM Series XIII mock tests?
Not yet. NISM Series XIII practice is coming soon. Until then, this page covers the pattern, syllabus and eligibility.
Ready to crack NISM Series XIII?
NISM Series XIII practice is coming soon. Until then, this page covers the pattern, syllabus and eligibility.