NISM Series XIII Common Derivatives Certification Exam Notes

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  • Client Level Limits: E.g., USDINR – Higher of 6% OI or USD 20 million for retail clients.
  • Member Level Limits: Higher for banks and institutions; e.g., USDINR – Higher of 15% OI or USD 100 million.
  • Single INR Limit: Consolidated limit for all FCY-INR pairs.
  • Monitoring Limits: Exchanges monitor and share position limits daily.
  • Violation Actions: Members exceeding limits face restrictions and penalties.

NISM Common Derivatives

MODELEXAM MODELEXAM®