NISM Series XIII Common Derivatives Certification Exam Notes

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  • Use of Technology: Real-time trading platforms enhance transparency and price discovery.
  • Managed Float Rationale: To reduce volatility, maintain competitiveness, and avoid speculative attacks.
  • Role of RBI: Stabilize INR, manage reserves, set exposure limits for banks.
  • Demand-Supply Mismatch: Significant short-term driver; e.g., large FDI inflows can strengthen INR temporarily.
  • Meaning of Derivatives: Derivatives are financial instruments whose value is derived from an underlying asset.

NISM Common Derivatives

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