NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Exchange Benefits: Include liquidity and standardized terms.
  • Clearing Role: Ensures settlement and mitigates default risk.
  • Option Strategies: Combine calls/puts for specific risk-reward profiles.
  • Volatility Risk: Impacts option pricing significantly.
  • Contract Standardization: Enhances market efficiency and liquidity.

NISM Interest Rate Derivatives

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