NATIONAL STOCK EXCHANGE OF INDIA LTD.

 

NSE’s Certification in Financial Markets (NCFM)

 

CIRCULAR

 

 

Download Reference No. NSE/NCFM/ 13146

 

Ref. No.: NSE/NCFM/2009/115                                                      

 

September 29, 2009

 

 

Sub.: Fee Discount scheme

 

A discount scheme is being launched for a period of one year (from October 01, 2009 to September 30, 2010). Under the scheme, after taking two tests in modules included in Table-1 between October 01, 2009 and March 31, 2010 (both days inclusive), a candidate would qualify for availing 50 percent discount on all the subsequent tests provided such tests are: (a) for modules included in Table-1, and (b) taken by September 30, 2010.

 

Table-1*

Sr No

Module Name

1

Capital Market (Dealers) Module

2

Derivatives Market (Dealers) Module

3

FIMMDA-NSE Debt Market (Basic) Module

4

Securities Market (Basic) Module

5

Surveillance in Stock Exchanges Module

6

Compliance Officers(Brokers) Module

7

Compliance Officers(Corporates) Module

8

Options Trading Strategies Module

 

* More modules may be included during the course of the scheme. (The updated list of modules qualifying for ‘Fee Discount Scheme’ can be found at Home>NCFM>Fee Discount Scheme >  Updated List of Qualifying Modules

 

The salient features of the discount scheme are as follows:

 

  1. The scheme is valid only for tests taken in any of aforementioned modules.
  2. To avail 50% fee discount on modules stated in Table-1, a candidate would have to: 
    1. First take two tests in any modules given in Table-1, between October 01, 2009 and March 31, 2010 (both days inclusive), paying full fees. The two modules may or may not be the same module and
    2. Take subsequent tests in any of the modules given in Table-1 by September 30, 2010. It is in these tests that the candidate would get 50 percent discount.

 

[Two clarifications:

 

A) The discount can be availed for tests taken in any of the modules from Table-1 even before March 31, 2010. For example, if a candidate takes his first two tests in modules from Table-1 on October 01, 2009 and October 05, 2009 respectively, he can get 50 percent discount on all his subsequent tests in modules from Table-1 up to September 30, 2010. He can thus get a discount even for a test he takes on October 6, 2009.

 

B) Modules which qualify candidates for discount as well as the modules in which the discount can be availed during the course of the discount scheme, need not be distinct modules. For example, if a candidate appears in Capital Market (Dealers) Module three times (say on October 01, 2009, October 10, 2009 and October 15, 2009) for whatever reason, he would have to pay full fees for first two attempts and discounted fees for the third.]

 

  1. This scheme is applicable only to candidates appearing in their individual capacity by making payment of fees in their respective NCFM accounts. In other words, this scheme is NOT applicable to any corporate/organization making bulk payments for enrollments on behalf of that company/organization.

 

 

For National Stock Exchange of India Ltd

 

 

Nirmal Mohanty

Head, SBU (Education)