NISM Series XIII Common Derivatives Certification Exam Notes

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  • Awards must be complied with within 15 days unless legally challenged.
  • Challenges must be backed by a full deposit of the award amount.
  • Exchanges must maintain an IPF to compensate legitimate non-speculative claims.
  • Funding comes from listing fees, penalties, transaction charges, and interest earned.
  • IPF payouts are subject to per-investor compensation limits and strict guidelines.

NISM Common Derivatives

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