NISM Series XIII Common Derivatives Certification Exam Notes
Page 181 Of 303
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Position Limits:Limits for trading members, institutional and non-institutional clients are defined.
Surveillance Systems:Guidelines for surveillance to ensure market integrity.
Clearing Corporations’ Role:Must get SEBI approval for clearing and settlement of currency derivatives.
Full Novation:Clearing corporations interpose themselves between both legs of each trade.
Interoperability:Permitted between clearing corporations for currency derivatives.
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