NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Clearing Corporation Role: Acts as a counterparty to ensure trade settlement.
  • Trading Hours: Derivatives trade from 9:15 AM to 3:30 PM on weekdays.
  • Margin Collection: SEBI mandates upfront margin collection from clients.
  • Price Band: Options have daily price bands set by exchanges.
  • Base Price: Theoretical price at contract introduction, using MIBOR.

NISM 12 Securities Markets Foundation

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