NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Position Limits: Restrict exposure to manage systemic risk.
  • Settlement Types: Cash settlement predominant in Indian IRFs.
  • Funds Settlement: Involves transfer of cash obligations.
  • Physical Settlement: Not currently used in Indian ETIRDs.
  • Risk Management: Includes margins, position limits, and stress testing.

NISM Interest Rate Derivatives

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