NISM Series XVI - Commodity Derivatives Exam Notes

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  • The types of Trailing stop loss orders include - Trailing Stop Loss in rupees, Trailing Stop Loss as a percentage
  • Warehousing Development and Regulatory Authority (WDRA) has recognized NERL and CDSL as approved Repositories for electronically maintaining records of warehoused goods which can also be used for clearing and settlement of trades on exchanges
  • The National commodity exchanges do not own or hire any warehouse for the purpose of settlement of the contracts that require to be settled by the physical delivery of commodities.
  • Exchanges set the criteria for the warehouses and empanel warehouse service providers (WSPs) who arrange warehousing facilities on the basis of the criteria laid down by the exchanges.
  • As per SEBI Regulations, only WDRA registered warehouses can be used by exchange-empanelled WSPs for storing goods which are meant for settlement of trades on exchanges. WDRA registers warehouses and recognizes each warehouse separately rather than WSP
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NISM Commodity Derivatives

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