NISM-Series IX: Merchant Banking Certification Exam Notes

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  • Commodity Derivatives: Trade raw commodities like gold, silver, and agricultural goods.
  • Interest Rate Futures: Based on notional 10-year GOI securities, settled by physical delivery.
  • Debt Market Products: Include government securities and corporate bonds.
  • Government Securities: Gilt-edged, issued by central/state governments, no default risk.
  • Corporate Bonds: Issued for expansion, modernization, or acquisitions, often secured.

NISM Merchant Banking

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