NISM Series XIII Common Derivatives Certification Exam Notes

Page 55 Of 303

Go to:

  • Bonus Adjustment: Reduces strike prices proportionally to bonus ratio.
  • Dividend Adjustment: Lowers strike prices by dividend amount on ex-dividend date.
  • Merger/Demerger: Adjusts contract terms based on corporate restructuring.
  • Transaction Charges: Fees levied by exchanges on derivative trades.
  • Securities Transaction Tax (STT): Applied on futures/options based on trade value.

NISM Common Derivatives

Copyright 2025 - MODELEXAM MODELEXAM®