NISM Series XIII Common Derivatives Certification Exam Notes

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  • Margin System: Requires initial and maintenance margins to manage risk in derivatives.
  • Mark-to-Market (MTM): Daily settlement of gains/losses based on market price changes.
  • SEBI: Securities and Exchange Board of India, regulates derivatives markets.
  • Risk Disclosure Document: Mandatory for investors to understand derivatives risks before trading.
  • Futures Contracts: Standardized agreements to buy/sell an asset at a set price on a future date.

NISM Common Derivatives

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