NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Hedging Effectiveness: Depends on alignment with underlying exposure.
  • Arbitrage Profit: Requires simultaneous trades in mispriced markets.
  • Clearing Mechanism: Ensures trade settlement and reduces default risk.
  • Market Access: Open to various entities under regulatory guidelines.
  • Derivative Evolution: Driven by technological advancements and market needs.

NISM Interest Rate Derivatives

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