NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Margin Adjustments: Variation margins reflect daily price changes.
  • Funds Transfer: Via designated banks for settlement obligations.
  • Clearing Member Role: Facilitates client trade clearing.
  • Depository Role: Manages securities for physical settlement (if applicable).
  • Regulatory Oversight: SEBI and RBI enforce clearing rules.

NISM Interest Rate Derivatives

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