NISM Series XIII Common Derivatives Certification Exam Notes
Page 174 Of 303
Go to:
Margin Payment: Collected upfront, adjusted real-time against liquid assets.
Settlement of Client Funds: Brokers must return unused client funds on a periodic basis.
Cyber Security Framework: Brokers and DPs must maintain robust cyber security to protect data integrity.
Role of RBI and SEBI:Exchange Traded Currency Derivatives (ETCD) are jointly regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).
Operational Rules:Exchanges and Clearing Corporations set operational rules within statutory guidelines provided by RBI and SEBI.
MODELEXAM® 
www.realsoftinfoplan.com