NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Market Participants: Hedgers, speculators, and arbitrageurs in the derivatives market.
  • Hedgers: Use derivatives to mitigate interest rate risk exposure.
  • Speculators: Take positions to profit from expected price movements.
  • Arbitrageurs: Exploit price discrepancies for risk-free profits.
  • Underlying Assets: Include government bonds, treasury bills, and interest rate benchmarks.

NISM Interest Rate Derivatives

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