Registered Valuer Entity
A partnership entity or company acting as valuer, which must itself be registered with the IBBI, and whose deputed or authorised persons undertaking AIF portfolio valuation must hold ICAI, ICSI, ICMAI membership or a…
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- Mark to MarketThe daily settlement of a futures position at that day's closing price, so gains and losses are paid in cash every evening instead of accumulating until expiry.
- MoneynessWhether exercising an option right now would give the buyer a positive, zero or negative cash flow — classifying it as in the money, at the money or out of the money.
- Net Asset ValueThe net assets of a mutual fund scheme divided by the number of units outstanding — what one unit of the scheme is worth on a given day, after every liability except the unitholders' own.
Where this is taught
Free preparation for NISM Series XIX-B← All terms