NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Default Procedures: Include use of SGF and member contributions.
  • Margin Requirements: Based on contract value and volatility.
  • Settlement Guarantee: Ensures completion of trades despite defaults.
  • Risk Mitigation: Through robust margin and position controls.
  • Clearing Efficiency: Enhanced by interoperability and technology.

NISM Interest Rate Derivatives

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