NISM 21B Portfolio Managers Exam Notes

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  • Derivatives Definition: Contracts deriving value from underlying assets.
  • Types of Derivatives: Futures, options, forwards, swaps.
  • Futures: Standardized contracts for future buy/sell.
  • Options: Right, not obligation, to buy/sell at set price.
  • Forwards: Non-standardized, traded OTC.

NISM 21B Portfolio Managers

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