NATIO ONAL STOCK EXCHA S ANGE OF INDIA LIMITE A ED

Depart rtment : SB BU-Educatio on NCFM COURS OUTLINE M SE

Currency Derivatives: A Beg ginner's Mo odule

Derivatives as a Risk Managem s k ment Tool Concept of risk; Risk managemen Types of traders in the derivativ market f m nt; f ves ts Currency M Markets Exchange r rate; Fixed and floating exchange rate regime Factors a g e; affecting exchange rate es; Concept of quotes; Tic f ck-size; Spr reads; Spot transaction and forwa transaction t n ard Futures Currency F Forward co ontracts; Futures contra acts; Pricing of futures contracts g Strategies using Cur rrency Futu ures Hedging, speculation and arbitrag in curren futures a ge ncy NSE's Cur rrency Derivatives Se gment Product definition; Trading underllying versus trading fut s tures; Uses of currency futures at s y NSE Trading, C Clearing, Se ettlement a and Risk Ma anagement Membershi Future contract spe ip; ecifications; Trading sys stem; The t trader works station; Bas of sis trading; Clie ent-Broker relationship in derivativ segmen Clearing entities; Po p ves nt; g osition limits s; Margins; Se ettlement of contracts.

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