NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

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  • Mark-to-Market: Daily settlement of gains/losses in futures.
  • Derivative Exposure: Limited in PMS to client’s investment value.
  • Client Consent: Required for derivative use in PMS portfolios.
  • Valuation of Derivatives: Specified in PMS agreements for liquidation.
  • Commodity Futures: Available for select commodities in India.

NISM PMS Distributors ( NISM 21A )

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