NISM Series XIII Common Derivatives Certification Exam Notes

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  • Market Statistics: Forex contracts worth USD 120,250 billion outstanding (June 2023, BIS).
  • Participants in India: Both residents and non-residents can enter forex derivatives under regulations.
  • Purpose in India: Hedge against unexpected exchange rate movements impacting trade and investment.
  • Currency Futures Introduction: Promote price discovery, hedging, risk management, and economic stability.
  • Cross-Currency Products: Introduced to hedge exposures in currencies other than INR.

NISM Common Derivatives

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