NISM Series 7 Securities Operations Certification Exam Notes

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  • Corporate Action Adjustments: Modify derivative positions for events.
  • Bonus Adjustment: Adjusts positions based on (A+B)/B ratio.
  • Stock Splits: Adjust strike prices and market lots.
  • Dividend Adjustments: Reduce strike prices for options contracts.
  • Demerger Adjustments: Based on closing price on last cum-date.

NISM Securities Operations

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