NISM-Series IX: Merchant Banking Certification Exam Notes

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  • Secondary Market Transactions: Involve trading of listed securities on stock exchanges.
  • OTC Market: Informal, negotiated trades without stock exchange involvement.
  • Exchange Traded Market: Formal trading through SEBI-registered brokers.
  • Debt Market Investors: Include banks, insurance companies, mutual funds, and FPIs.
  • Merchant Banking Concept: Fee-based advisory for corporations/governments on securities issuance.

NISM Merchant Banking

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