About Interest Rate Derivatives

Interest Rate Derivatives has become a demand and a knowledge benchmark, for the Investor/ Traders who wishes to enter into trading business in Currency Derivative Segment. This module is made especially for those who are interested to know about the industry and its functioning.

Why should one enroll in this course?
  • Know the basics of the Fixed Income Securities Markets.
  • Specially Understand Interest Rate Derivative in India.
  • Understand the analytical framework required for Bond Futures Market.
  • Understand Trading and Hedging Strategies
  • Understand Clearing, Settlement and Risk Management
  • Know the regulatory environment in which Interest Rate 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 – Fixed - Income And Debt Securities - Introduction
  • Financial Markets: Overview
  • Debt/Fixed-Income Securities: Introduction
  • Debt/Fixed-Income Securities: Classification
  • Fixed-Income versus Fixed-Return
  • Debt versus Equity
  • Relative Size of Debt and Equity Markets Globally
  • Relative Size of Debt and Equity Markets in India
  • Primary and Secondary Market for Debt Securities in India
Day 2 – Interest Rate - Introduction
  • Interest Rate: Concept
  • Risk-Free Rate versus Risky Rate
  • Nominal versus Real Interest Rate
  • Term Structure of Rates: Shapes
  • Term Structure of Rates: Shifts
  • Conversion of Rate into Amount
Day 3 – Return And Risk Measures For Dept Securities
  • Return Measures: Spot Rate
  • Coupon, Current Yield and Yield to Maturity
  • Spot Rate, Bond Price and YTM
  • Risk Measures
Day 4 – Interest Rate Derivatives
  • Derivatives: Definition and Economic Role
  • Interest Rate Derivatives
  • OTC versus Exchange-Traded Derivatives
  • Derivatives Market in India
Day 5 – Contract Specification For Interest RAte Derivatives
  • Underlying
  • Contract Amount (or Market Lot)
  • Contract Months, Expiry/Last Trading Day and Settlement Day
  • Price Quotation, Tick Size and Trading Hours
  • Daily Settlement Price (DSP)
  • Final Settlement Price (FSP)
  • Delivery under Physical Settlement
Day 6 – Trading, Clearing, Settlment And Risk MAnagement
  • Operational Guidelines of Exchanges
  • Order Types and Execution
  • Spread Orders
  • Margining and Mark-To-Market
  • Clearing and Settlement
  • Procedure for Delivery
Day 7 – Regulation And Compliance
  • Role of Various Regulators
  • Restrictions on Resident and Non-Resident Investors
  • Limits on Open Interest
  • Regulatory Reporting
  • Role of FIMMDA in Fixed Income and Derivatives Markets In India
  • Accounting
Day 8 – Trading And Hedging
  • Trading Strategies
  • Hedging Strategies
  • Basic Risk, Yield Curve Spread Risk and Market Liquidity Risk
Day 9 – Recap & Revision
Day 10 – Recap & Revision
Day 11 – Recap & Revision
Day 12 – Recap & Revision
Day 13 – Recap & Revision
Day 14 – Recap & Revision
Day 15 – Recap & Revision


1. 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.