NISM Series XIII Common Derivatives Certification Exam Notes

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  • Impact of Interest Rates:Higher USD rate lowers USDINR forward price; higher INR rate increases it.
  • Futures Market Regulation:By SEBI and RBI; clearing corporation guarantees settlement.
  • Price Discovery:By open trading; not by negotiation.
  • Final Settlement Price Cross Currency:Derived using FBIL reference rates.
  • Cash Settlement:No delivery; only profit/loss paid.

NISM Common Derivatives

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