The IFMP Financial Derivatives Traders Certification Exam covers the concepts of Financial Derivatives and their valuations, risk management models, regulatory framework, documentation and selling process of derivative products.

This exam is by and large mandated for Brokers, Agents of Brokers, Derivative Traders and Sales Staff of Brokers and Brokerage Firms.


This Certification Exam is specifically designed to meet the minimum qualification needs of the financial market participants trading in financial derivatives and to ensure that they are competent to provide buying & selling services of these to stock market investors.


This exam is by and large mandated for Brokers, Agents of Brokers, Derivative Traders and Sales Staff of Brokers and Brokerage Firms.


The unit is divided into elements. These are broken down into a series of learning objectives. Each learning objective begins with one of the following prefixes: know, understand, be able to calculate and also be able to apply. These words indicate the different levels of skill to be tested. Learning objectives prefixed:

  • know require the candidate to recall information such as facts, rules and principles
  • understand require the candidate to demonstrate comprehension of an issue, fact, rule or principle
  • be able to calculate require the candidate to be able to use formulae to perform calculations
  • be able to apply require the candidate to be able to apply their knowledge to a given set of circumstances in order to present a clear and detailed explanation of a situation, rule or principle

Each examination paper is constructed from a specification that determines the weightings that will be given to each element. The specification is given below.

It is important to note that the numbers quoted may vary slightly from examination to examination as there is some flexibility to ensure that each examination has a consistent level of difficulty. However, the number of questions tested in each element will not change by more than plus or minus 2.

Element No. Elements Questions
1 Introduction to Derivatives 15
2 Forwards: Mechanics and Valuation 20
3 Interest Rate Swaps: Mechanics and Valuation 10
4 Cross Currency Swaps: Mechanics and Valuation 10
5 Options: Mechanics and Valuation 20
6 Accounting for Derivative Transactions 5
7 Regulatory Developments for Derivative Contracts 5
8 Risk Management of Derivative Transactions 15
  Total 100
  • This will be a 150 minutes examination of 100 Multiple Choice Questions (MCQs).
  • All questions will carry equal marks.
  • There will be no negative marking.
Summary Syllabus

To download the summary syllabus of Financial Derivatives Traders Certification Exam, please click here