NISM Series 8 (NISM VIII): Equity Derivatives Certification Exam Notes
Page 71 Of 102
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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.
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