NISM Series XIII Common Derivatives Certification Exam Notes

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  • Call and Put Options: Call gives right to buy; put gives right to sell.
  • Swaps: Agreements to exchange cash flows or returns based on underlying assets.
  • Interest Rate Swap: Exchange of fixed to floating or floating to floating interest payments.
  • Foreign Exchange Swap: Exchange of currencies on one date and reverse exchange on a future date.
  • Currency Swap: Exchange of interest payments and principal in different currencies over time.

NISM Common Derivatives

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