Distance Learning 

Principles of risk management and settlement of commodity derivatives is a certification programme for persons who want to gain an in-depth knowledge about principles of risk management and settlement of commodity derivatives and for those who want to trade or hedge in commodities; and for those who want to make a living working as a dealer or trader in a broking house or as a or arbitrageur.

What are the benefits of participating in the programme?

The participants in the programme will get the following benefits:

  • Get an in-depth knowledge in commodity derivatives markets
  • Infer the market dynamics
  • Apply price risk management strategies
  • Explain the market operations
  • Explain settlement of derivative products

Scope of the programme

The programme is designed to provide sufficient and necessary inputs required to get the participants well acquainted with the modalities of the commodity markets in India, including regulatory framework, exchange functions, risk management and operations.

Who should take the examination?

Commodity Brokers, Treasury Executives, Investors, Portfolio Managers, Investment Analysts, Importers, Exporters, Hedgers, Regulatory Staff, Arbitrageurs, Back Office Software Development Executives, Fund Managers, Credit Risk Managers, Students, and such.

Code Name of Module Fee including taxes (Rs) Test Duration (minutes) No. of Questions Maximum Marks Pass Marks (%)
100 Principles of Risk Management & Settlement of Commodity Derivatives (PRM) 2,875 90 50 100 50
About the Test
  • Test questions are drawn from the course handbook.
  • Test is administered online and at select/approved test centres. For the list, click Test Centres.
  • The Test is conducted in the following format.
    • The candidate will have to answer 50 questions in 90 minutes
    • Each right answer gets 2 marks and each wrong answer (-) half mark.
    • Test questions are randomly generated from a question bank.
    • All questions carry equal marks.
    • Candidate needs to score a minimum of 50 marks to pass.
  • Once an Admit card (with test details) is generated, the candidate can take the test.
  • While appearing for the test, the candidate has to carry the e-Admit Card print out, a calculator, a Photo ID (as per the list mentioned in the Admit Card), and reach the Test centre at least 30 minutes before the start of the Test.
  • Once the Test Supervisor is satisfied with the credentials, he will unlock the computer so that the candidate can key in his/ her Registration No. and Test ID.
  • Once the candidate completes the test, he/she must click Submit.
    (Alternatively, if the candidate runs out of time before he/ she completes the test, the computer locks out or auto submits).
  • The marks or test score appears soon after and an e-statement of the marks is sent instantly via an auto generated e-mail to the candidate’s registered mail ID.
  • All successful candidates will receive the a certificate by courier within 10 days of taking the test.

Instructions for candidates appearing for the test:

  • Please print this admit card and take it with you to the test center.
  • You are requested to carry only a standard calculator. Mobile phones are not allowed.
  • If you have not uploaded your photo, please paste a recent passport-size colour photo in the space provided. The supervisor can deny a candidate from appearing for the test if a proper Photo-ID is not presented.
  • Please carry any one of the photo-ID proofs while going to the test centre:
    • Pan Card
    • Voter ID
    • College ID Card
    • Employee ID Card
    • Driving Licence
    • Passport
    • Aadhaar Card
  • Kindly reach the test centre at least 30 minutes before the scheduled start of the test.



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+91 22 6731 8888
+91 22 6649 4151