This workbook has been developed to assist candidates in preparing for the National Institute of Securities Markets (NISM) Interest Rate Derivatives Certification Examination. NISM-Series-IV: Interest Rate Derivatives Certification Examination seeks to create a common minimum knowledge benchmark for the approved users and sales personnel of the ’Trading Members’ who are registered as such in the Currency Derivatives Segment of a recognized  stock exchange and trading in Interest Rate Derivatives.

The book covers basics of the interest rate derivatives, trading strategies using interest rate derivatives, clearing, settlement and risk management as well as the regulatory environment in which the interest rate derivatives markets operate in India.