NISM Series XIII Common Derivatives Certification Exam Notes

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  • Counterparty Risk: Eliminated via novation process.
  • Regulatory Reporting: Clearing members report to authorities.
  • SGF Contributions: Include exchange and member funds.
  • Default Waterfall: Sequence of resources to cover losses.
  • Margin Calls: Issued to cover shortfall in accounts.

NISM Common Derivatives

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