NISM Series 12 Securities Markets Foundation Certification Exam Notes

Page 84 Of 93

Go to:

  • Risk Management: Involves capital adequacy, margins, and position limits.
  • Capital Adequacy: Members maintain base capital and liquid net worth.
  • Initial Margin: Covers potential losses over a two-day horizon.
  • Exposure Margin: Based on the notional value of open positions.
  • Premium Margin: Collected on option premiums until settlement.

NISM 12 Securities Markets Foundation

MODELEXAM MODELEXAM®