NISM Series XIII Common Derivatives Certification Exam Notes

Page 71 Of 303

Go to:

  • Settlement Risk: Mitigated by robust margining and clearing systems.
  • Intraday Margin Updates: Ensure real-time risk management.
  • Default Consequences: Binding actions on defaulting members.
  • Clearing Efficiency: Interoperability simplifies settlement across exchanges.
  • Securities Definition: Includes shares, bonds, derivatives, and government securities.

NISM Common Derivatives

Copyright 2025 - MODELEXAM MODELEXAM®