NISM Series XIII Common Derivatives Certification Exam Notes

Page 183 Of 303

Go to:

  • FEDAI:A self-regulatory body that supports banks in forex dealings and coordinates with RBI.
  • Participation Rules:All investors, residents, and non-residents may participate in ETCD within regulatory limits.
  • AD Category I Banks:Eligible to be trading and clearing members if they meet net worth, CRAR, and NPA norms.
  • Position Limits for Banks:Synthetic USD-INR positions must stay within exchange-defined limits.
  • Residents:May take ETCD positions up to USD 100 million without proving underlying exposure.

NISM Common Derivatives

MODELEXAM MODELEXAM®