NISM Series 8 (NISM VIII): Equity Derivatives Certification Exam Notes

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  • Adjustment Factor: Used for corporate actions like rights or bonuses.
  • Rights Adjustment: Adjusts contract terms based on rights issue benefits.
  • Merger Impact: May alter underlying asset or contract specifications.
  • STT on Options: Levied on settlement price for in-the-money options.
  • Brokerage Exclusion: Orders entered exclusive of brokerage fees.

NISM Equity Derivatives

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