About Currency Derivatives

Currency Derivatives has become a demand and a knowledge benchmark, for the Investor/ Traders who wishes to enter into trading business inCurrency Derivative Segment. This module is made especially for those who are interested to know about the industry and its functioning and enable better understanding or currency markets and exchange traded currency derivative products.

Why should one enroll in this course?
  • Know the basics of Currency Markets and Exchange Traded Currency Derivatives.
  • Understand Trading, Clearing and Settlement Mechanism
  • Basic Investment strategies that use currency futures and options products
  • Know the regulatory environment in which Exchange Traded Currency Derivatives Markets Operate in India.
Who will benefit from this course?
  • Students who are interested in this subject
  • Investors & Traders Lobby
  • Financial Planners & Advisors
  • House-wife’s
  • Analysts
  • Equity Research professionals
  • Bankers & its Employee’s
  • Teachers & Professionals
  • Employees of Stock Broking Company
Course Details

Duration: 30 hours (15 days)

Fees: Rs. 15000/-

Refund of fees: Rs.5000/- if examination cleared in first attempt.

Second attempt for examination additional: Rs. 2100/-

Contents of this course

DAY 1 – Introduction to Currency Markets
  • Brief History of Foreign Exchange Markets
  • Major Currency Pairs
  • Overview of International Currency Markets
  • Basics of Currency Markets and Peculiarities in India
  • Settlement Date and Value Date
  • OTC Forward Market
  • Exchange Rate Arithmetic-Cross Rate
  • Impact of Economic Factors on Currency Pairs
  • Economic Indicators
DAY 2 – Foreign Exchange Derivative
  • Derivatives – Definition
  • Derivative Products
  • Growth Drivers of Derivatives
  • Market Players
  • Key Economic function of Derivatives
  • Financial Market Stability: Exchange-traded versus OTC Derivatives
DAY 3 – Exchange Traded Currency Futures
  • Currency Futures – Definition
  • Futures Terminology
  • Rationale behind Currency Futures
  • Distinction between Futures and Forward Contracts
  • Interest Rate Parity and Pricing of Currency Futures
DAY 4 – Strategies Using Currency Futures
  • Market Participants
  • Computing Payoffs from a Portfolio of Futures and Trade Remittances
  • Using Currency Futures for Hedging various kinds of FX exposures
  • Using Currency Futures for Speculators and Arbitrageurs
  • Use of Currency Futures by Arbitrageurs
  • Trading Spreads using Currency Futures
  • Limitations of Currency Futures for Hedgers
  • Conclusion
DAY 5 – trading in Currency Futures
  • Currency Futures and Contract Specification
  • Other terminologies with respect to contract specifications
  • Trader Work Stations Screen (TWS)
  • Entities in the trading system
  • Types of Orders
  • Price Limit Circuit Filter
  • Rules, Regulations and Bye Laws of Exchange
DAY 6 - Clearing, Settlement and Risk Management in Currency Futures
  • Clearing versus Settlement
  • Clearing Entities
  • Clearing Mechanism
  • Regulatory Guidelines on Open Positions Limits
  • Settlement Mechanism
  • Risk Management Measures
  • Margin Requirements
  • Mark-to-Market Settlement
  • Margin Collection and Enforcement
  • Periodic Risk Evaluation Report
  • Surveillance/li>
  • Unique Client Code (UCC)
DAY 7 – Exchange traded Currency Options
  • Options – Definition and Basic terms
  • Difference between Futures and Options
  • Options in Financial Market
  • Style of Options
  • Moneyless of an Option
  • Basics of Option Pricing and Option Greeks
  • Options Pricing Methodology
  • Options Pay Offs
  • Option Strategies
  • Uses of Currency Options
  • Contract Specification of Option Contracts
DAY 8 – Accounting and Taxation
  • Accounting
  • Name of Accounts
  • Accounting Entities for Live Positions
  • Accounting Entities In Case of Default by a Client
  • Disclosure requirements
  • Taxation of Currency Derivatives
DAY 9 – Regulatory Framework for Currency Derivatives
  • Securities Contracts (Regulation) Act 1956 [SC(R)A]
  • RBI-SEBI standing technical committee on Exchange Traded Currency and Interest Rate Derivatives
  • Foreign Exchange Management Act, 1999 – Provisions
  • Regulatory Framework for Exchanges
  • Regulatory Framework for Clearing Corporations
  • Governing Council of the Exchange and Clearing Corporation
  • Eligibility Criteria for Members
Day 10 – Codes of Conduct and Investor Protection Measures
  • Adherence to SEBI Codes of Conduct for Brokers/sub-Brokers
  • Adherence to Codes of Conduct specific to Currency Derivative Segment
  • Grievance Redressal Mechanism for Investors
Day 11 – Recap & Revision
Day 12 – Recap & Revision
Day 13 – Recap & Revision
Day 14 – Recap & Revision
Day 15 – Recap & Revision


1. You are eligible for a refund until the course / specialization launches on the platform however kindly note 25% reduction will be done on the amount paid if applied for cancellation.

2. You are not eligible for a refund after earning a Course Certificate, even if you complete a course in a short period.

3. Rs.5000/- will be refunded as a token of reward if examination is cleared in first attempt.

Yes—to enroll in an individual course, search for the course title in the catalog.

Yes, kindly contact Nathani Finance

15 Days Classroom Training

1 Day for Examination

New Batch admission will start every month.

No specific background is required for this course, anybody can join having interest in this Industry.

Although you can take the courses in any order, however we do recommend that you follow the suggested sequence of courses

Yes, Successful candidates will be rewarded the Certificate by the below mentioned organisations post clearing the exams.

Nathani Institute Pvt. Ltd.

National Institute of Securities Markets

National Stock Exchange Ltd.