NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Default Management: SGF covers losses from member defaults.
  • Interoperability Benefits: Enhances efficiency and competition.
  • Position Monitoring: Ensures compliance with regulatory limits.
  • Risk Models: SPAN model used for margin calculations.
  • Stress Testing: Assesses portfolio resilience under adverse scenarios.

NISM Interest Rate Derivatives

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