NISM Series XIII Common Derivatives Certification Exam Notes

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  • Clearing Member: Ensures trade settlement via clearing corporation.
  • Trading Hours: Defined by exchange for IRF and options.
  • Order Validation: Ensures compliance with exchange rules.
  • Risk Controls: Include pre-trade and post-trade checks.
  • Circuit Breakers: Halt trading during extreme volatility.

NISM Common Derivatives

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