NISM Series XIII Common Derivatives Certification Exam Notes

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  • Swaps: Agreements to exchange cash flows based on a prearranged formula, often for interest or currency rates.
  • Derivatives Market History: Originated with commodity futures in the 19th century, evolving to financial derivatives.
  • Chicago Board of Trade (CBOT): Established in 1848, pioneered exchange-traded futures contracts in the US.
  • Indian Derivatives Market: Started with index futures in 2000, followed by options and stock futures.
  • L.C. Gupta Committee: Recommended regulatory framework for derivatives trading in India in 1998.

NISM Common Derivatives

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