NISM Series XIII Common Derivatives Certification Exam Notes

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  • Counterparty Risk: Reduced by clearing corporation guarantees.
  • Margin Requirements: Apply to option sellers, not buyers.
  • Strike Price: Predetermined price for exercising the option.
  • Expiry Date: Date when the option contract terminates.
  • Market Participants: Include hedgers, speculators, and arbitrageurs.

NISM Common Derivatives

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