Zero coupon zero principal instruments
Exercising the power under sub-clause (iia) of clause (h) of section 2 of the SCRA, 1956, the Central Government declared zero coupon zero principal instruments to be securities.
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.
Where this is taught
Free preparation for NISM Series III-C← All terms