NISM Series XIII Common Derivatives Certification Exam Notes

Page 177 Of 303

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  • Committee Recommendations:
  • Recommended norms for product design, risk management, surveillance, and membership criteria.
  • Initial Product:USD-INR currency futures were recommended as the first product.
  • Risk Management Measures:Margining, mark-to-market, surveillance, and position limits are part of the regulatory framework.
  • Separate Segment:Currency futures must be traded on a separate segment with separate membership, trading platform, and clearing corporation.

NISM Common Derivatives

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