NISM Series XIII Common Derivatives Certification Exam Notes

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  • Settlement Obligations: Cleared on T+1 for cash-settled contracts.
  • Tax Audit Criteria: Based on turnover and digital transaction percentage.
  • Option Exercise Accounting: Reflects share delivery or cash settlement.
  • Broker Reporting: Includes client-wise collateral and margin details.
  • Taxable Event: Recognized at trade execution or option exercise.

NISM Common Derivatives

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