INTEREST RATE DERIVATIVES-NISM

This book aims to create a common minimum knowledge benchmark for the approved users and sales personnel of the ‘Trading Members’ who are registered as such in the Currency Derivatives Segment of a recognized stock exchange and trading in Interest Rate Derivatives.

This book covers basics of the interest rate derivatives, trading strategies using interest rate derivatives, clearing, settlement and risk management as well as the regulatory environment in which the interest rate derivatives markets operate in India

The Present Publication is the January 2020 workbook version, published exclusively by Taxmann for NISM Certification Examination IV [Interest Rate Derivatives], with the following noteworthy features:

• Know the basics of fixed income securities markets and specifically interest rate derivative market in India and developed world
• Understand the analytical framework required for Bond Futures market in India along with trading and hedging strategies involved
• Understand the clearing, settlement and risk management as well as the operational mechanism related to interest rate derivatives markets
• Know the regulatory environment in which the interest rate derivative markets operate in India
• This book also features chapter-end sample questions with answers
• Coverage of this book includes:
• Fixed-Income and Debt Securities – Introduction
• Interest Rate – Introduction
• Return and Risk Measures for Debt Securities
• Interest Rate Derivatives
• Contract Specification for Interest Rate Derivatives
• Trading, Clearing, Settlement and Risk Management
• Regulations and Compliance
• Trading and Hedging