NISM Series XVI case studies
NISM Series XVI · Put your knowledge to work in context.
The NISM-Series-XVI: Commodity Derivatives Certification Examination is one of the certification examinations offered by the National Institute of Securities Markets (NISM), which the source describes as a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. NISM lists the exam under the Derivatives group of its certification examinations, alongside the Currency Derivatives, Equity Derivatives, Interest Rate Derivatives and Common Derivatives certifications. The NISM Series XVI case studies are 5 cases and about 3,532 words.
1The Carry in Turmeric: Hedging a Stored Crop
A turmeric exporter in Erode holds 2,000 quintals (200 MT) of polished finger turmeric that it must sell over the next three months. The local spot price is Rs 13,500 per quintal.
688 words, about 3 min2Hedging a Jewellery Order with Limited Margin
A Coimbatore jeweller has contracted to supply 25 kg of 22-karat jewellery in three months at a price fixed today, and will buy 24-karat gold then. The exchange's gold futures contract is 1 kg of 995 purity, quoted at Rs 73,500 per 10 g.
738 words, about 4 min3The Overnight Crude Long and a Stop-Loss That Did Not Work
A proprietary trader in Ahmedabad holds long 12 lots of crude oil futures, 100 barrels per lot, bought at Rs 5,900 per barrel. At the end of the trading session the settlement price is Rs 5,720.
723 words, about 4 min4The Assayer's Rejection and a Bounced Cheque at Pay-in
A clearing member on an agri-focused exchange has two clients in soybean futures, where one lot is 10 MT. Client A has sold 15 lots (150 MT) and has submitted a delivery intention.
702 words, about 4 min5The Assured-Return Scheme and the Splintered Position Limit
A SEBI-registered commodity broker has a referral arrangement with AgriWealth Research, an unregistered firm. AgriWealth's principal is also an authorised person of the broker.
681 words, about 3 min