NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Options Contracts: Give the right, not obligation, to buy/sell at a strike price.
  • Forwards: Customized, non-exchange-traded contracts between two parties.
  • Swaps: Agreements to exchange cash flows based on underlying assets.
  • Derivative Markets Structure: Comprises exchange-traded and over-the-counter markets.
  • Exchange-Traded Derivatives: Standardized contracts traded on exchanges like NSE.

NISM 12 Securities Markets Foundation

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