NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Trade Execution: Orders are matched electronically on exchange platforms.
  • Order Types: Include market, limit, stop-loss, and immediate-or-cancel orders.
  • Clearing and Settlement: Clearing corporations ensure trade settlement and risk management.
  • T+1 Settlement: Trades settle one day after execution, per SEBI’s 2021 circular.
  • Clearing Members: Handle settlement of funds and securities for trades.

NISM 12 Securities Markets Foundation

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