NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Price Discovery: Trading determines fair market prices for securities.
  • Risk Management: Includes capital adequacy, margins, and position limits.
  • Margin Requirements: Initial and exposure margins ensure trade settlement.
  • Position Limits: Caps on open positions prevent excessive market risk.
  • Investor Grievance Redressal: SEBI mandates mechanisms like SCORES for dispute resolution.

NISM 12 Securities Markets Foundation

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