NISM Series XIII Common Derivatives Certification Exam Notes

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  • Clearing Corporation: Guarantees settlement; lowers counterparty risk.
  • Final Settlement: T+2 basis after expiry.
  • Underlying in Options: Must be well-defined and liquid for fair price discovery.
  • Role of SEBI & RBI: Regulate currency derivatives for fair and orderly markets.
  • Exchanges in India: Provide platforms for trading standardized currency options.

NISM Common Derivatives

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