NATIONAL STOCK EXCHANGE OF INDIA LTD

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NSE’s Certification in Financial Market’s (NCFM)

 CIRCULAR  

Download Reference No. NSE/NCFM/12900

Ref. No: NSE/NCFM/2009/106

August 17, 2009

Sub: Introduction of NCMP certificates

With effect from August 17, 2009, NSE will offer “NSE Certified Market Professional (NCMP)” certificates to those who have cleared NCFM modules (stated in Table 1 below) as per the following eligibility criteria:

• NCMP Level 1 : 3 – 4 modules
• NCMP Level 2 : 5 – 6 modules
• NCMP Level 3 : 7 – 8 modules
• NCMP Level 4 : 9 or more modules

Table 1 : List of the modules qualifying for NCMP certification *

Sr. No.	Name of Module
1	Capital Market (Dealers) Module
2	Commodities Market Module
3	Derivatives Market (Dealers) Module
4	FIMMDA-NSE Debt Market (Basic) Module
5	Financial Markets: A Beginners’ Module
6	Mutual Funds : A Beginners' Module
7	NSDL–Depository Operations Module
8	Options Trading Strategies Module
9	Securities Market (Basic) Module

* More modules may be added to this list in future. (The updated list of modules qualifying for NCMP certification can be found at Home>NCFM>NCMP certification.)

This hierarchy of certifications is aimed at enabling the candidates to better demonstrate their domain knowledge relating to financial markets.

Candidates are requested to kindly take note of the following:

• Only valid NCFM certificates (i.e. certificates not yet time-barred) for the modules stated in Table 1, obtained on or after August 17, 2007, will be taken into account for NCMP certification. However, the NCMP certificate itself would have no validity period.
• At most one Beginners’ module will be counted towards certification for Level 1 and not more than two Beginners’ modules will be counted towards certification for Level 2 and above.
• Only successful attempts for distinct modules will be considered. In other words, if a candidate has successfully cleared the same module more than once, then only one of those attempts of that particular module will be considered for the NCMP certification.
• In case a candidate is found to be eligible for more than one level, then only the certificate for the highest level will be issued to the candidate. (For example: As of today if a candidate already holds 7 valid certificates since August 17, 2007, then he/she will be directly eligible for NCMP Level 3 certification.)
• The NCMP certificates will be given in addition to the usual NCFM certificates that are issued to candidates.
• The NCMP certificates will be generated on a monthly basis and will be dispatched in the subsequent month.

For National Stock Exchange of India Ltd

Nirmal Mohanty

Head, SBU (Education)