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

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  • Open Interest Accounting: Valued at MTM on balance sheet date.
  • Option Premium: Buyer records as expense; seller as income.
  • Exercise Settlement: Buyer credits shares, seller delivers shares for options.
  • Taxation: Derivatives gains/losses treated as business income.
  • Speculative Income: Losses set off only against speculative gains.

NISM Equity Derivatives

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