NISM Series XIII Common Derivatives Certification Exam Notes

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  • Futures Price:Current price of the futures contract, converges with spot price on expiry.
  • Quotation:For USDINR, INR per USD; for JPYINR, INR per 100 JPY.
  • Contract Cycle:Weekly, monthly, and quarterly; near, mid, and far-month contracts; can extend up to a year.
  • Expiry Date:Two working days before last business day of expiry month at 12:30 PM.
  • Tick Size:Minimum price movement, e.g., INR 0.0025 for USDINR futures.

NISM Common Derivatives

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