NISM Series XIII Common Derivatives Certification Exam Notes
Page 169 Of 303
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Settlement Obligations: Computed via mark-to-market, premium settlement, exercise settlement.
Daily Mark-to-Market: Futures contracts marked to market daily at settlement price.
Final Settlement: Futures and options contracts settled at final settlement price.
Premium Settlement: Option premiums settled daily in cash.
Position Limits: Regulated to avoid excessive open positions.
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