NISM Series XIII Common Derivatives Certification Exam Notes

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  • Daily Settlement: Mark-to-market adjustments for futures.
  • Final Settlement: On expiry, based on contract terms.
  • Calendar Spread Margin: Lower margins for offsetting positions.
  • SPAN Margin: Scenario-based margin calculation method.
  • Liquidity Risk: Managed through clearing corporation guarantees.

NISM Common Derivatives

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