NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Risk-Free Interest Rate: Typically associated with government bonds in local currency.
  • Term Structure of Interest Rates: Relationship between interest rates and maturities.
  • Accrued Interest: Interest earned but not yet paid, calculated up to settlement date.
  • Spot Rate: Yield on a zero-coupon bond for a specific maturity.
  • Holding Period Return: Total return from holding a security over a period.

NISM Interest Rate Derivatives

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