CISI Capital Markets Programme
Derivatives
Knowledge | Skills | Conduct
Welcome to Fitch Learning
Administration
• Absentees
- Please register your attendance by the end of the first break each day. Firms are notified of
absentees at the end of first break.
- Please ensure you have your entrance email with you at all times. You are required to show this to
security every time you enter the building. Spare copies can be obtained from the reception team.
• Exam bookings
- For exam bookings, please contact the Client Services Team on 0845 072 7620. Some firms will
have an arrangement with Fitch Learning to book their exams
• Break times
• Classroom slide packs
- Please ensure you bring your slide packs to each class. Reception may have spare slide packs but
it is not guaranteed.
• Mobile phone policy
• Fire assembly point
Knowledge | Skills | Conduct
The Derivatives Exam
The derivatives examinations
• Exam structure
- Computer based testing
• CISI demo at www.cisi.org/CBTDemo/index.htm
- Onscreen calculator/physical calculator
- Unit 3: 100 comprehension multi-choice questions (plus 10 trial questions)
- Unit 7: 75 comprehension multi-choice questions (plus 8 trial questions)
- No negative marking
• Timings
- Unit 3: 2 hours – plus time added for any trial questions
- Unit 7: 1 hour 30 minutes – plus time added for any trial questions
• Pass Mark
- 70%
• Results
- Immediate – pass or fail
- Raw scores available on CISI website
• CISI Integrity Matters test
- Completed at least 24 hours before the first paper of the Capital Markets Programme
Knowledge | Skills | Conduct
The Tools to Pass
Study materials on your online portal
• Study Planner
• Readings
- Manual
- Checkpoint
• Questions
- Chapter questions
- Mock exams
- Final Study Questions
- Email-a-day
• Tutor recordings
• Other tools
- Diagnostic reporting
- Pass prediction
- Helpdesk
Knowledge | Skills | Conduct
The Tools to Pass
Support
• Delegate helpdesk
• Tutor email and mobile
Knowledge | Skills | Conduct
Exam Coverage (Unit 3: Derivatives)
Chapters and question weightings
Chapter 1 – Introduction to Derivatives 7 questions
Chapter 2 – Underlying Markets 12 questions
Chapter 3 – Market Structure 9 questions
Chapter 4 – Principles of Exchange-Traded Derivatives 16 questions
Chapter 5 – Principles of OTC Derivatives 16 questions
Chapter 6 – Principles of Clearing and Margin 10 questions
Chapter 7 – Delivery and Settlement 7 questions
Chapter 8 – Trading, Hedging and Investment Strategies 16 questions
Chapter 9 – Special Regulatory Requirements 7 questions
Knowledge | Skills | Conduct
Exam Coverage (Unit 7: Financial Derivatives)
Chapters and question weightings
Chapter 1 – Introduction to Derivatives 6 questions
Chapter 2 – Underlying Markets 9 questions
Chapter 3 – Market Structure 6 questions
Chapter 4 – Principles of Exchange-Traded Derivatives 12 questions
Chapter 5 – Principles of OTC Derivatives 12 questions
Chapter 6 – Principles of Clearing and Margin 7 questions
Chapter 7 – Delivery and Settlement 6 questions
Chapter 8 – Trading, Hedging and Investment Strategies 12 questions
Chapter 9 – Special Regulatory Requirements 5 questions
Knowledge | Skills | Conduct
Exam Coverage
Teaching order
Chapter 1 – Introduction to Derivatives
Chapter 4 – Principles of Exchange-Traded Derivatives
Chapter 3 – Market Structure
Chapter 5 – Principles of OTC Derivatives
Chapter 8 – Trading, Hedging and Investment Strategies
Chapter 6 – Principles of Clearing and Margin
Chapter 7 – Delivery and Settlement
Chapter 9 – Special Regulatory Requirements
Chapter 2 – Underlying Markets
Note: The Chapter on ‘Underlying Markets’ will not be covered in the two day course and is home study.
Knowledge | Skills | Conduct
