NISM Series XIII Common Derivatives Certification Exam Notes

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  • Mark to Market (MTM):Daily settlement of gains/losses based on daily settlement price.
  • Daily Settlement Price (DSP):Weighted average price in last 30 minutes of trading.
  • Final Settlement Price (FSP):Derived from spot market rates on expiry.
  • Final Settlement:Currently cash-settled in INR; no physical delivery.
  • Open Interest:Total outstanding contracts; equals number of long and short positions.

NISM Common Derivatives

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