NISM Series-VII: Securities Operations and Risk Management Practice Exam
NISM Series-VII: Securities Operations and Risk Management Practice Exam
NISM Series-VII: Securities Operations and Risk Management Practice Exam
The NISM Series-VII: Securities Operations and Risk Management Exam aims to establish a standardized baseline of knowledge essential for individuals associated with registered stock-brokers, trading members, or clearing members in recognized stock exchanges. These individuals are engaged in various activities such as handling investor or client assets or funds, addressing investor complaints, overseeing internal controls or risk management, and managing activities linked to operational risk.
Exam Learning Objectives:
Upon successful completion of the examination, candidates should be able to:
Grasp the fundamentals of the Indian securities market, including the different traded products and the roles of various market participants.
Comprehend the regulatory framework and the functions of the Securities Exchange Board of India.
Understand the roles of the Front Office, Middle Office, and Back Office within a Securities Broking Firm.
Familiarize themselves with the trade life cycle, including the steps involved, participants, and the Back Office's role in a securities broking firm.
Gain insight into risk management practices within a securities broking firm and the clearing and settlement processes.
Understand the procedures for addressing investor grievances.
Who should take the exam?
The NISM Series-VII: Securities Operations and Risk Management exam targets a broad audience within the securities market:
Individuals working with registered stockbrokers, trading members, or clearing members of recognized stock exchanges in India.
Students and Professionals
The exam is open to anyone who wants to gain knowledge.
Exam Details
Exam Name: NISM-Series-VII: Securities Operations and Risk Management
Exam Languages: English
Exam Questions: 100 Questions
Time: 120 minutes
Passing Score: 50%
Course Outline
The Exam covers the given topics -
1. Introduction To The Securities Market
Introduction
Securities Market
Money Market
Products Traded In The Indian Securities Market
International Financial Services Centres (IFSC)
2. Market Participants In The Securities Market
Introduction
Investors
Issuers
Market Structure And Participants
Regulators
3. Introduction To Securities Broking Operations
Introduction To The Securities Trade Life Cycle
Front Office Operations
Middle Office Operations
Back Office Operations
4. Risk Management
Risk Management
Compliances And Regulatory Reporting
Core Settlement Guarantee Fund
5. Clearing Process
Introduction
Role Of The Clearing Corporation
Clearing Banks And Their Function
Clearing Members And Custodians
Depositories & Depository Participants
Clearing Process
Beta Version Of T+0 Rolling Settlement Cycle On Optional Basis
6. Settlement Process
Introduction
Determination Of Settlement Obligations
Settlement Of Funds
Settlement Of Securities
Auction Of Securities
Corporate Actions Adjustment
7. Investor Grievances And Arbitration
Introduction
Investor Grievance
Online Resolution Of Disputes In The Indian Securities Market
Investor Protection Fund
8. Other Services Provided By Brokers
Introduction
Ipo Applications
Trading Of Mutual Fund Units
Portfolio Management Service
Research Reports
Depository Services
Margin Trading
Internet Based Trading (IBT) & Securities Trading Using Wireless Technology (STWT)