NISM Series XIII Common Derivatives Certification Exam Notes
Page 226 Of 303
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Contract Value Change: Tick size multiplied by lot size per tick movement.
Exchange-Traded Benefit: Ensures liquidity and price transparency.
Hedging Use: Protects against adverse interest rate movements.
Speculative Use: Allows betting on future rate changes.
Arbitrage Use: Exploits price differences between markets.
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