NISM Series XIII Common Derivatives Certification Exam Notes

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  • FPIs:Allowed similar limits as residents, with daily reporting to custodians.
  • NBFCs:May participate for hedging underlying forex exposure if size norms are met.
  • Primary Dealers:Allowed as clients or members, only for proprietary trading.
  • RBI Intervention:RBI may intervene in ETCD to manage excessive market volatility.
  • Membership Criteria:Separate membership norms apply for stock brokers, clearing members, and trading members.

NISM Common Derivatives

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