Taxmann’s Commodity Derivatives by NISM – Edition November 2021

Commodity Derivatives seeks to create a common minimum knowledge benchmark for trading members registered in the commodity derivatives segment of a recognized stock exchange. It also aims for the following:

• Better understanding of various derivatives products available in the commodity derivatives market
• Regulations and risks associated with the products
• Exchange mechanisms of trading, clearing and settlement

It will benefit all those who want to understand better various derivatives products available in Indian commodity derivatives markets.

The Present Publication is the March 2021 workbook version, published exclusively by Taxmann for NISM Certification Examination XVI [Commodity Derivatives], with the following noteworthy features:

• [Know the Basics] of Indian commodity derivatives markets
• [Understand] the following in detail:
  • Various trading strategies that can be built using commodity derivatives
  • Clearing, settlement and risk management related to commodity derivatives markets
  • Operational mechanism related to commodity derivatives markets
• [Know the Regulatory Environment] in which commodity derivatives markets operate in India

The detailed contents of the book are as follows:

• Introduction to Commodity Markets
• Commodity Futures
• Commodity Options
• Commodity Indices
• Uses of Commodity Derivatives
• Trading Mechanism
• Clearing, Settlement and Risk Management of Commodity Derivatives
• Accounting and Taxation
• Legal and Regulatory Environment of Commodity Derivatives

The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. he institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets. The institute’s six schools of excellence work in synergy towards professionalized securities markets.

The Six Schools of Excellence:

School for Securities Education (SSE)
School for Certification of Intermediaries (SCI)
School for Regulatory Studies and Supervision (SRSS)
School for Investor Education and Financial Literacy (SIEFL)
School for Corporate Governance (SCG)
School for Securities Information and Research (SSIR)