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NISM Series-VI: Depository Operations Exam

NISM Series-VI: Depository Operations Exam

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NISM Series-VI: Depository Operations Exam

The NISM Series-VI: Depository Operations Certification Examination is structured to evaluate your understanding of the Indian depository system and its functioning. Successfully earning this certification signifies your ability to manage depository-related activities and support clients investing in dematerialized securities.

Who Should Take This Exam?

This certification is well-suited for professionals in the securities market, especially those involved in:

  • Depository Participants (DPs): Employees responsible for client servicing, account opening, transactions, and related depository operations.

  • Stock Brokers & Investment Advisors: Individuals who deal with dematerialized securities and coordinate with DPs on behalf of clients.

  • Custodian Banks: Personnel handling electronic securities held on behalf of clients within the depository framework.

Course Outline

The exam covers the following topics:

  • Introduction to the Indian Capital Market
  • Introduction to Depository
  • Depository and its Business Partners
  • Functions of Depository Participant – Account Opening
  • Functions of Depository Participant – Account Operations
  • Functions of Depository Participant – Transmission and Nomination
  • Functions of Depository Participant – Dematerialisation
  • Functions of Depository Participant – Trading and Settlement
  • Special Services – Pledge & Hypothecation
  • Special Services – Public Offering / Corporate Actions
  • Special Services – Debt Instruments & Government Securities
  • Foreign Portfolio Investors (FPI)
  • Investor Services

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NISM Series-VI: Depository Operations Exam FAQs

There will only be multiple-choice and multi-response questions covered in the exam.

Yes Skilr offers free practice tests for the NISM Series VI: Depository Operations exam which can be used before the final purchase for complete test.

There will be 100 questions which have to be completed in 120 minutes.

Yes, Skilr offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.

After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.

Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Skilr and not the NISM Series VI: Depository Operations exam cost.

Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the Skilr Helpdesk for more details. The member of support staff will respond as soon as possible.

Once purchased, the practice exams can be access for the lifetime.

There are no prerequisites required for NISM Series VI: Depository Operations Exam.

The following persons can take NISM-Series-VI: Depository Operations Certification Examination: 1. Associated persons engaged or employed by a registered depository participant in: dealing or interacting with clients; dealing with securities of clients; handling redressal of investor grievances; internal control or risk management; activities having a bearing on operational risk; or maintenance of books and records pertaining to the above activities. 2. Interested students/professionals 3. Any other individuals

The candidate has to secure 60% in order to pass the exam.

Skilr provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.

The certificate will be valid for 3 years from the date of the examination.

There will be 100 questions in the exam.

Yes our experts frequently blog about the tips and tricks for exam preparation.

The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 60%. There shall be negative marking of 25% of the marks assigned to a question.

The examination seeks to create a common minimum knowledge benchmark for associated persons engaged or employed by a registered depository participant in (a) dealing or interacting with clients, (b) dealing with securities of clients, (c) handling redressal of investor grievances, (d) internal control or risk management, (e) activities having a bearing on operational risk, or (f) maintenance of books and records pertaining to the above activities. The certification aims to enhance the quality of services as rendered by the Depository Participants.

To renew your current certificate, you need to appear for NISM CPE for Depository Operations or successfully pass the NISM Depository Operations Certification Examination before the expiry of such certificate.

The fees NISM Series VI: Depository Operations Exam is Rupees One Thousand Five Hundred only (Rs. 1500/-).

On successful completion of the examination the candidate should: • Know the basics of the Indian securities market and the depository system, the need for depository and the key features of the depository system in India. • Understand the institutional structure of the depository system in India and the business partners of a depository. • Understand the regulatory framework in which the depositories and its DPs function, their eligibility criteria, registration procedure, rights and obligations etc. • Know the various functions of the Depository and its Depository Participants (DPs) such as dematerialisation, trading and settlement, pledging and hypothecation. • Understand how a demat account is opened, documents required to open an account and significance of Power of Attorney (POA).