NISM Series XIII Common Derivatives Certification Exam Notes
Page 70 Of 303
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Default Closure: Positions of defaulting members closed out.
Fund Objectives: Investor Protection Fund supports education and research.
Cyber Resilience: Systems designed to recover from cyber incidents.
Margin Exemptions: Early pay-in securities exempt from delivery margins.
Client Reporting: Disaggregated collateral data reported to clearing members.
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