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

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  • Client Margin: Recorded separately from broker’s own funds.
  • Profit/Loss Recognition: MTM gains/losses credited/debited to P&L account.
  • Option Buyer: Loss limited to premium paid, recorded as expense.
  • Option Seller: Premium received as income, potential loss provisioned.
  • Balance Sheet: Open positions valued at MTM or premium.

NISM Equity Derivatives

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