NISM Series XIII Common Derivatives Certification Exam Notes

Page 59 Of 303

Go to:

  • Adjustment Factor: Used for corporate actions like rights or bonuses.
  • Rights Adjustment: Adjusts contract terms based on rights issue benefits.
  • Merger Impact: May alter underlying asset or contract specifications.
  • STT on Options: Levied on settlement price for in-the-money options.
  • Brokerage Exclusion: Orders entered exclusive of brokerage fees.

NISM Common Derivatives

Copyright 2025 - MODELEXAM MODELEXAM®