NISM Series 7 - Securities Operations & Risk Management (NISM VII / SORM) Exam
What are the different names of SORM Exam ?
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What is NISM SORM (Series 7) Exam
SORM full form is Securities Operations & Risk Management. This NISM Series 7 exam is a compulsory exam for employees of registered stock-broker / trading member / clearing member in recognized stock exchanges, involved in
- Assets or funds of investor or clients
- Redressal of investor grievances,
- Internal control or risk management
- Activities having a bearing on operational risk.
Who can write / should write this SORM exam?
- Approved users (Dealers) of the trading member of a Registered Stock Broker or Trading Member or Clearing Member of a recognized stock exchange.
- Employees of Stock Brokers and Sub-Brokers in Capital Market Segment
- Students of all discipline but would be most useful to MBA Finance, B.Com, M.Com, Lecturers, and Professors etc.
- Anybody having interest in the Capital Market Segment
How to take free mock tests for NISM SORM exam in our website ?
How to Prepare for NISM SORM exam ?
NISM Series 7 Securities Operations & Risk Management Exam Mock Tests
NISM Series 7 SORM Exam Mock Tests
Where can I get NISM SORM Study Material ?
Click here for NISM SORM Short Notes
Where can I get training for NISM SORM exam ?
Where can I get NISM Securities Operations Exam Dates ?
Click here for NISM Exam dates, location / centre & timeslots
How to do NISM Exam registration ?
NISM exam registration procedure
What topics are covered in NISM SORM syllabus ?
Syllabus Outline for NISM SORM Exam
| NISM SORM Syllabus | Weightages (Syllabus wise question %) |
|---|---|
| 1: Introduction to Securities Markets | 5% |
| 2: Market Participants in the Securities Markets | 10% |
| 3: Introduction to Securities Broking Operations | 20% |
| 4: Risk Management | 15% |
| 5: Clearing Process | 15% |
| 6: Settlement Process | 15% |
| 7: Investor Grievances and Arbitration | 10% |
| 8: Other Services Provided by Brokers | 10% |
Assessment Structure: Exam Pattern for NISM SORM
| DURATION | 120 Minutes |
| NO. OF QUESTIONS | 100 |
| MAXIMUM MARKS | 100 |
| PASS MARK | 50 |
| NEGATIVE MARK | 25% FOR WRONG ANSWERS |
| CERTIFICATE VALIDITY | 3 YEARS |
| EXAM FEES | Rs 1500/- |
Syllabus
I. Introduction to the Securities Market
1. Indian securities markets and its role in Indian economy2. Structure of Securities market
3. Money market and its key features
4. Products traded in the securities market
II. Market Participants in the Securities Market
1. Types of investors2. Issuers
3. Intermediaries
4. Regulators and regulatory framework
III. Introduction to the Securities Broking Operations
1. Trade life cycle2. Front office operations
2.1 Client on-boarding and registration
2.2 KYC
2.3 Unique Client Code
2.4 Order management
2.5 Order routing through the exchange
2.6 Execution of trade
3. Risk management practices
4. Surveillance mechanism
4.1 Trade enrichment
4.2 Trade allocation
4.3 Trade confirmation/modification
4.4 Clearing and settlement
4.5 Accounting
4.6 Information technology
4.7 Regulatory compliances
IV. Risk Management
1. Risk Management practices2. Capital adequacy requirements
3. Client account control
4. Margin requirements
5. Compliances and regulatory reporting
V. Clearing Process
1. Clearing process2. Role of clearing agency in clearing of trades
3. Role of clearing banks in clearing of trades
4. Role of clearing members / Custodians in clearing of trades
5. Role of depositories and depository participants in clearing of trades
6. Clearing process for equities trading
7. Clearing process for derivatives trading
VI. Settlement Process
1. Settlement cycle2. Settlement of Internet based trading and order placed on phone
3. Settlement of funds
4. Settlement of securities
5. Corporate actions adjustment
6. Auction of securities
VII. Investor Grievances and Arbitration
1. Redressal of investor grievance2. Procedure of arbitration
3. Role of appellate arbitration
VIII. Other Services Provided by Brokers
1. Services provided by brokers2. IPO applications
2.1 Collection of IPO application forms
2.2 ASBA facility
3. Mutual fund trading through stock exchange
4. Portfolio management services provided by brokers
5. Research reports
6. Depository services
7. Margin trading
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