SLBM
Securities Lending and Borrowing Mechanism — borrowing securities temporarily for a fee, conducted on the exchange platform in India since 2008, with settlement guaranteed by the clearing corporation.
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
- Extreme Loss MarginA flat 3.5 per cent margin collected on cash-market positions to cover losses falling outside what the VaR margin is designed to capture.
- Impact costThe percentage by which a market order's actual execution price degrades against the ideal price — the mid-point of the best bid and the best offer — and so the real cost of trading in size.
Where this is taught
Free preparation for NISM Series XII← All terms