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the securities market essentially has three categories of participants, namely, the issuers of securities, investors in securities and the intermediaries, such as merchant bankers, brokers etc. while the corporates and government raise resources from the securities market to meet their obligations, it
derivative is a product whose value is derived from the value of one or more basic variables, called underlying. the underlying asset can be equity, index, foreign exchange (forex), commodity or any other asset. derivative products initially emerged as hedging devices against fluctuations in commodity...
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