NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Contract Value Change: Tick size multiplied by lot size per tick movement.
  • Exchange-Traded Benefit: Ensures liquidity and price transparency.
  • Hedging Use: Protects against adverse interest rate movements.
  • Speculative Use: Allows betting on future rate changes.
  • Arbitrage Use: Exploits price differences between markets.

NISM Interest Rate Derivatives

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