NISM Series XIII Common Derivatives Certification Exam Notes

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  • Tax Rates: Derivatives gains taxed at business income rates.
  • Speculative Loss: Carried forward for set-off against future speculative gains.
  • STT Liability: Trading member aggregates client STT obligations.
  • Accounting Entries: Specific for margins, premiums, and settlements.
  • Provision for Loss: Made for options where premium exceeds market value.

NISM Common Derivatives

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