NISM Series XIII Common Derivatives Certification Exam Notes
Page 83 Of 303
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Open Interest Accounting: Valued at MTM on balance sheet date.
Option Premium: Buyer records as expense; seller as income.
Exercise Settlement: Buyer credits shares, seller delivers shares for options.
Taxation: Derivatives gains/losses treated as business income.
Speculative Income: Losses set off only against speculative gains.
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