A derivative is a financial contract that derives its value from an underlying asset.

Arbitrage is the simultaneous purchase and sale of an asset to profit from an imbalance in the price.

An index option is a

Financial derivatives provide the facility for

Operational risks include losses due to

Impact cost is low when the liquidity in the system is poor.

A calendar spread contract in index futures attracts

In an equity scheme, fund can hedge its equity exposure by selling stock index futures.

. Margins in 'Futures' trading are to be paid by

When the near leg of the calendar spread transaction on index futures expires, the farther leg becomes a regular open position.