NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Margin Requirements: Apply to futures and option sellers.
  • Trading Costs: Impact profitability of speculative strategies.
  • Contract Standardization: Limits flexibility in hedging strategies.
  • Price Transparency: Aids in identifying arbitrage opportunities.
  • Counterparty Risk: Mitigated by exchange clearing mechanisms.

NISM Interest Rate Derivatives

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