NISM Series XIII Common Derivatives Certification Exam Notes
Page 264 Of 303
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Clearing Mechanism: Ensures trade settlement via clearing corporation.
Settlement Obligations: Determined post-trade for funds and securities.
Entities Involved: Clearing corporations, members, and depositories.
Interoperability: Allows clearing through multiple corporations.
Clearing Corporation Role: Acts as central counterparty to mitigate risk.
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