NISM Series XIII Common Derivatives Certification Exam Notes

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  • Positions:Long (buy), short (sell), and open positions tracked until settled.
  • Payoff Charts:Graph showing profit/loss vs. underlying price at expiry.
  • Long Futures Payoff:Profit if price increases; loss if price decreases; linear.
  • Short Futures Payoff:Profit if price decreases; loss if price increases; linear.
  • Contract Specifications (INR Contracts):E.g., USDINR lot size = 1000 USD; tick size = INR 0.0025.

NISM Common Derivatives

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