NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Clearing Role: Guarantees trade settlement, reducing default risk.
  • Volatility Impact: IRFs help manage rate fluctuation risks.
  • Market Growth: Driven by demand for risk management tools.
  • Trading Strategies: Include hedging, speculation, and arbitrage.
  • IRF Introduction: Aimed to deepen India’s debt market.

NISM Interest Rate Derivatives

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