NISM Series XIII Common Derivatives Certification Exam Notes

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  • Tax Audit Exemption: If digital transactions exceed 95% and turnover is below threshold.
  • Futures Accounting: MTM gains/losses settled daily.
  • Option Settlement: Cash or physical delivery based on contract type.
  • Collateral Reporting: Discloses client margins and securities.
  • Taxable Turnover: Includes absolute sum of trade differences.

NISM Common Derivatives

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