NISM Series XIII Common Derivatives Certification Exam Notes

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  • Client Funds: Segregated to prevent misuse by brokers.
  • Balance Sheet Disclosure: Includes open positions and margin details.
  • Tax Compliance: Mandatory reporting for derivatives trading.
  • Physical Delivery: Accounting for share transfers in stock options.
  • Premium Income: Recognized by option sellers in P&L account.

NISM Common Derivatives

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