NISM Series XIII Common Derivatives Certification Exam Notes
Page 116 Of 303
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Types of Risks: Counterparty, price, leverage, liquidity, legal/regulatory, and operational risks.
Derivative Products in Forex: Forwards, futures, options, and swaps.
Foreign Exchange Forward: OTC contract to exchange currencies at an agreed rate on a future date.
Futures: Standardized exchange-traded forward contracts with margins and clearing corporation guarantee.
Options: Right but not obligation to buy/sell underlying at agreed price before or on a date.
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