NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Regulatory Reforms: Post-2008 crisis, increased focus on exchange-traded derivatives.
  • Volatility Impact: Higher volatility drives demand for derivative instruments.
  • Benchmark Rates: MIBOR, Treasury bill rates used as underlyings.
  • Contract Specifications: Define terms like lot size, tick size, and expiry.
  • Risk Management: Derivatives reduce uncertainty in interest rate fluctuations.

NISM Interest Rate Derivatives

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