NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Risk Management: Options reduce interest rate fluctuation exposure.
  • Market Growth: Driven by demand for flexible hedging tools.
  • Option Premium: Cost paid to acquire the option contract.
  • Payoff Asymmetry: Options limit downside to premium paid.
  • Trading Platforms: Facilitate efficient option trading and pricing.

NISM Interest Rate Derivatives

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