NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Regulatory Support: RBI and SEBI promote IRF adoption.
  • Market Access: Open to eligible entities meeting prudential norms.
  • Liquidity Risk: Lower in exchange-traded IRFs than OTC.
  • Hedging Effectiveness: Depends on contract alignment with exposure.
  • Speculative Leverage: High leverage amplifies gains and losses.

NISM Interest Rate Derivatives

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