NISM-Series IX: Merchant Banking Certification Exam Notes

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  • Exchange Traded Funds (ETFs): Track indices, traded like stocks, e.g., gold ETFs.
  • Derivative Market Products: Include futures and options on equities, currency, and commodities.
  • Futures: Standardized contracts to buy/sell assets at a future date and price.
  • Options: Calls (buy) and puts (sell) with no obligation, based on underlying assets.
  • Currency Derivatives: Include futures on USD-INR, EUR-INR, GBPINR, JPYINR, and cross-currency pairs.

NISM Merchant Banking

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