NISM Series XIII Common Derivatives Certification Exam Notes

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  • Fixed Income Securities: Pay fixed interest periodically and return principal at maturity.
  • Bond Components: Include issue price, face value, coupon, coupon frequency, and maturity date.
  • Government Bonds: Issued by governments, considered low-risk, often called sovereign or gilt-edged bonds.
  • Municipal Bonds: Issued by local authorities for infrastructure projects.
  • Corporate Bonds: Issued by companies, carry higher risk, and offer higher yields than government bonds.

NISM Common Derivatives

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