NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Expiry Dates: Futures and options expire on the last Thursday of the month.
  • Trading Cycle: Includes near, next, and far month contracts for trading.
  • Order Types: Include regular lot, stop-loss, and immediate-or-cancel orders.
  • Corporate Action Adjustments: Exchanges adjust prices for dividends, splits, etc.
  • Clearing Members: TM-CMs, PCMs, and SCMs handle trade settlements.

NISM 12 Securities Markets Foundation

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