NISM 23 - Social Impact Assessors Certification Exam Notes

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  • Development Impact Bonds: DIBs aggregate projects with similar social outcomes, involving intermediaries and outcome funders.
  • Zero Coupon Zero Principal (ZCZP): ZCZPs are instruments issued by NPOs for specific social projects, listed on SSE.
  • SEBI ICDR Regulations: ZCZPs must comply with SEBI’s ICDR Regulations, including Rule 19 of the Securities Contracts Rules.
  • Draft Fund Raising Document: NPOs must disclose details in draft and final fund-raising documents for transparency.
  • Listing Termination: ZCZP listing terminates if project objectives are achieved or funds remain unutilized for a specified period.

NISM 23 - Social Impact Assessors

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