Curriculum (Securities Operations and Risk Management)

NISM-Series-VII: Securities Operations and Risk Management Certification Examination

Curriculum

I. INTRODUCTION TO THE SECURITIES MARKET

A. INTRODUCTION

B. SECURITIES MARKET

C. MONEY MARKET

D. PRODUCTS TRADED IN THE INDIAN SECURITIES MARKET

E. INTERNATIONAL FINANCIAL SERVICES CENTRES (IFSC)

II. MARKET PARTICIPANTS IN THE SECURITIES MARKET

A. INTRODUCTION

B. INVESTORS

C. ISSUERS

D. MARKET STRUCTURE AND PARTICIPANTS

E. REGULATORS

III. INTRODUCTION TO SECURITIES BROKING OPERATIONS

A. INTRODUCTION TO THE SECURITIES TRADE LIFE CYCLE

B. FRONT OFFICE OPERATIONS

C. MIDDLE OFFICE OPERATIONS

D. BACK OFFICE OPERATIONS

IV. RISK MANAGEMENT

A. RISK MANAGEMENT

B. COMPLIANCES AND REGULATORY REPORTING

C. CORE SETTLEMENT GUARANTEE FUND

V CLEARING PROCESS

A. INTRODUCTION

B. ROLE OF THE CLEARING CORPORATION

C. CLEARING BANKS AND THEIR FUNCTION

D. CLEARING MEMBERS AND CUSTODIANS

E. DEPOSITORIES & DEPOSITORY PARTICIPANTS

F. CLEARING PROCESS

G. BETA VERSION OF T+0 ROLLING SETTLEMENT CYCLE ON OPTIONAL BASIS

VI. SETTLEMENT PROCESS

A. INTRODUCTION

B. DETERMINATION OF SETTLEMENT OBLIGATIONS

C. SETTLEMENT OF FUNDS

D. SETTLEMENT OF SECURITIES

E. AUCTION OF SECURITIES

F. CORPORATE ACTIONS ADJUSTMENT

VII. INVESTOR GRIEVANCES AND ARBITRATION

A. INTRODUCTION

B. INVESTOR GRIEVANCE

C. ONLINE RESOLUTION OF DISPUTES IN THE INDIAN SECURITIES MARKET

D. INVESTOR PROTECTION FUND

VIII. OTHER SERVICES PROVIDED BY BROKERS

A. INTRODUCTION

B. IPO APPLICATIONS

C. TRADING OF MUTUAL FUND UNITS

D. PORTFOLIO MANAGEMENT SERVICE

E. RESEARCH REPORTS

F. DEPOSITORY SERVICES

G. MARGIN TRADING

H. INTERNET BASED TRADING (IBT) & SECURITIES TRADING USING WIRELESS TECHNOLOGY (STWT)

I. ANNEXURE 1: CODE OF CONDUCT FOR STOCK BROKERS