NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

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  • Arbitrage: Exploits price differences for riskless profits.
  • Zero-Sum Game: One party’s gain in derivatives is another’s loss.
  • Futures Pricing: Based on spot price and cost of carry.
  • Options Pricing: Influenced by underlying price, time, and volatility.
  • Swap Markets: Common for interest rate and currency exchanges.

NISM PMS Distributors ( NISM 21A )

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