NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Global Integration: Aligns domestic markets with international standards.
  • Exchange Benefits: Include price transparency and reduced counterparty risk.
  • OTC Flexibility: Allows tailored contracts for specific needs.
  • Market Efficiency: Derivatives enhance allocation of financial resources.
  • Speculative Risks: High leverage can lead to significant losses.

NISM Interest Rate Derivatives

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