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Capital Markets – Specified Investment Products – Derivatives and Collective Investment Schemes (SIP) — Information & Free Practice

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About Capital Markets – Specified Investment Products – Derivatives and Collective Investment Schemes (SIP)

Capital Markets – Specified Investment Products – Derivatives and Collective Investment Schemes (SIP) · SG

Key exam facts

Provider
The Institute of Banking & Finance Singapore (IBF) administers the CMFAS CM-SIP examination. MAS sets the competency framework; MAS is not the booking provider.
Format
Computer-based multiple-choice examination; IBF's default delivery is onsite at the IBF Assessment Centre. Exceptional online sittings are a business continuity measure. IBF describes knowledge-based and application-based questions, including case studies where applicable; each question has four options and one correct answer.
Exam questions
Total questions: 80.
Time limit
2.5 hours (150 minutes) of examination time; this is the published CM-SIP examination duration, not a check-in allowance.
Passing score
70% pass mark, as published for CM-SIP; no separate scaled-score standard is stated.
Exam fee
Regular onsite examination, inclusive of GST: S$207.10 for corporate members; S$250.70 for non-corporate members. IBF applies the same examination fee to first and subsequent attempts. Exceptional online examination fees differ: S$654.00 member / S$741.20 non-member, inclusive of GST (IBF FAQs Q68–Q71).

Topics covered

  • Overview of Derivatives

  • Futures, Forwards and Swaps

  • Futures Strategies

  • Options

  • Structured Warrants and Daily Leveraged Certificates

  • Barrier Options, Binary Options and Callable Contracts

  • Structured Deposits and Other Structured Products

  • Structured Notes

  • Structured Funds

  • Contracts for Differences (CFDs)

  • Key Product and Investment Risks for Derivatives and Structured Products

  • Case Studies

How to prepare

Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.

These independent practice questions are not actual exam items and do not guarantee a passing result.

Frequently asked questions

What is the exam format?

Computer-based multiple-choice examination; IBF's default delivery is onsite at the IBF Assessment Centre. Exceptional online sittings are a business continuity measure. IBF describes knowledge-based and application-based questions, including case studies where applicable; each question has four options and one correct answer.

How many questions are on the exam?

Total questions: 80.

How long is the exam?

2.5 hours (150 minutes) of examination time; this is the published CM-SIP examination duration, not a check-in allowance.

What is the passing score?

70% pass mark, as published for CM-SIP; no separate scaled-score standard is stated.

How much does the exam cost?

Regular onsite examination, inclusive of GST: S$207.10 for corporate members; S$250.70 for non-corporate members. IBF applies the same examination fee to first and subsequent attempts. Exceptional online examination fees differ: S$654.00 member / S$741.20 non-member, inclusive of GST (IBF FAQs Q68–Q71).

Official sources and references

Confirm current exam arrangements with the exam provider.