NISM Series 8 (NISM VIII): Equity Derivatives Certification Exam Notes

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  • 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 Equity Derivatives

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