NISM Series XIII Common Derivatives Certification Exam Notes

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  • Accounting Standards: Ensure accurate derivative transaction recording.
  • MTM Margin Account: Tracks daily settlement obligations.
  • Final Settlement Price: Basis for recognizing exercise gains/losses.
  • Tax Deductions: Not allowed for expenses in derivatives turnover tax.
  • Option Writer: Provisions for potential losses on short positions.

NISM Common Derivatives

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