NISM Series 8 (NISM VIII): Equity Derivatives Certification Exam Notes
Page 65 Of 102
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Position Limits: Caps on trading member positions to manage risk.
Default Handling: Closing out positions of defaulting members.
Investor Protection Fund: Compensates investors for member defaults.
Interoperability: Allows clearing across exchanges for efficiency.
Daily Settlement Price: Computed for futures if trading halts.
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