NISM Series XIII Common Derivatives Certification Exam Notes

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  • Final Exercise Settlement: For options, based on closing price at expiry.
  • Physical Delivery: For stock futures/options, involves share transfer.
  • Cash Settlement: For index derivatives, settled in cash.
  • Margin Collection: Clearing members collect margins from clients.
  • Intraday Monitoring: Position limits checked multiple times daily.

NISM Common Derivatives

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