NISM Series XIII Common Derivatives Certification Exam Notes

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  • Approval of Exchange:Exchanges must get SEBI’s approval to set up a currency derivatives segment.
  • Separate Membership:Membership in the currency derivatives segment is distinct from other segments.
  • Banks as Members:Banks can become ETCD members if they meet RBI and SEBI’s eligibility norms.
  • Certification Requirements:Approved users and sales personnel must hold relevant certifications.
  • Contract Specifications:SEBI sets rules on trading hours, contract size, cycle, price bands, and expiry.

NISM Common Derivatives

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