NISM Series XIII Common Derivatives Certification Exam Notes

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  • Risk Management: Setting position limits based on margins.
  • Clearing Corporation: Acts as counterparty, ensuring trade settlement.
  • Initial Margin: Upfront deposit to cover potential losses.
  • Mark-to-Market (MTM): Daily settlement of gains/losses.
  • Daily Premium Settlement: For options, premium paid/received daily.

NISM Common Derivatives

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