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NISM Series IV

SKILLS YOU WILL LEARN

Interest rate market fundamentals | Derivative product structures | Trading and risk control mechanisms | Regulatory framework

OUTCOME

Exam readiness | Comply with SEBI/RBI norms | Understand interest rate risk management | Navigate trading, clearing, and settlement in IRDs

Core Packs

Starting at

₹3,000

Explore our comprehensive packages and exciting offers.

Core Packs

Starting at

₹3,000

Explore our comprehensive packages and exciting offers.

What is NISM-Series-IV: Interest Rate Derivatives

The NISM Interest Rate Derivatives (IRD) Certification sets a professional benchmark for those working in fixed-income and derivatives markets. It builds strong expertise in bond futures, interest rate derivatives, risk management, and regulatory compliance—equipping you for treasury, trading, and fixed-income roles.

Build a strong foundation in fixed-income securities, interest rate products, and how they are structured in India and global markets.
Master the analytical framework for Bond Futures, including valuation, trading strategies, and hedging applications used by market participants.
Learn the full cycle of clearing, settlement, and risk management, ensuring secure and transparent transactions in derivatives markets.
Understand SEBI and RBI regulatory frameworks that govern interest rate derivatives, with emphasis on compliance and professional conduct.

Curriculum

A. Understanding the Interest Rate Concept
B. Fixed Income Securities
C. Type of Fixed Income Securities
D. Equity Securities v/s Debt Securities
E. Concept of risk-free interest rate
F. Term Structure of Interest Rates
G. Conversion of Rate into Amount
H. Accrued Interest
I. Spot Rate (Zero Rate) and Holding Period Return
J. Coupon, Current Yield and Yield-To-Maturity
K. Determining Cash Flow, Yield and Price of Bonds
L. Risk Measures
M. Role of the Debt Market
N. Primary and Secondary Debt Market in India

Comprehensive Training

Juice Notes™

Everything that matters,

Distilled into ~300 pages.

Videos

Curated Video Material

Access to a library of recorded video lectures for self-paced learning and review of complex topics.

INTERACTIVE QUIZ

Gamified Learning

Engaging, gamified learning sessions featuring real-time quiz interactions to reinforce concepts.

Other Details: NISM Series IV

Eligibility & Validity

REQUIREMENT

A passing certificate will be issued only upon furnishing/ updating a valid PAN (Permanent Account Number) with NISM.

THE CERTIFICATE IS VALID

3 Years from the date of passing

Duration & Mode

TOTAL EXAM HOURS

2 Hrs (90 Minutes)

MODE

Online at designated test centres

Exam Pattern

TOTAL QUESTIONS

100 Multiple Choice Questions

1 Mark per Question

PASSING CRITERIA

Minimum 60% (i.e., 60 out of 100)

Negative Marking – 25% penalty for each incorrect answer

Further Information

Visit the NISM website to find further information.

Check NISM Official Website

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Self paced

Home School

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₹617 ($617)

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On-Demand Videos

Practice Materials

Juice Notes™

Formula Review Sheet

Self paced

Essential

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₹617 ($617)

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Practice Materials

Self paced

Basic Package

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₹617 ($616)

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On-Demand Videos

What our students say...

If you have the opportunity to attend Fintree's live classes in Pune - you are very lucky! However online classes are also very comprehensive and valuable. The lecturer presents study material in absolutely clear and intelligible way and lectures are not just about theory - you will do a LOT of practice, which is very good and important. It was an extremely good experience and certainly I will continue my study journey with Fintree!

Batchof2018

Gulmira Kuzhagaliyeva

The classroom sessions are very good and the videos provided are helpful when you revise the topics taught in calss. The weekly test really makes you study more, it helps you push yourself every week for a better grade, understanding of the questions and it's pattern. Fintree is the best place if you want to start your career in finance, doesn't matter even if you are a fresher.

Batchof2018

Sonam Bhutia

Fintree has an amazing staff that supports you 24/7. Utkarsh sir is a great teacher, his tips and tricks really work and help a lot in both remembering formulas and theoretical questions. So in short my decision about studying here did not turn out to be wrong.

Batchof2020

Neeraj Lad

Utkarsh Sir and the whole team at Fintree are student oriented and the focus here is to ensure you always get the right support at the right time. Utkarsh sir is the best professor I personally have had in my life. The best balance of knowledge, fun and practical sessions.

Batchof2025

Akash Sugani

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Frequently Asked Questions

Everything you need to know about our NISM preparation program

NISM Series IV