NISM Series XIII Common Derivatives Certification Exam Notes

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  • Options Contracts: Provide the right, not obligation, to buy/sell at a specified price.
  • Underlying Asset: The asset (e.g., stock, index) from which a derivative derives its value.
  • Spot Price: Current market price of the underlying asset.
  • Contract Size: Number of units of the underlying asset in a derivative contract.
  • Expiry Date: Date when a derivative contract matures or expires.

NISM Common Derivatives

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