NISM Series VI: DOCE Exam Notes

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  • Securities that are bought under Margin Trading Facility, shall be kept in a separate account titled as - 'Client Margin Trading Securities Account'.
  • Clients' securities lying with the TM/CM in
  • Trading periods of each of the market segments is identified by a settlement number. Every settlement number has a trade beginning day, trade-ending day, settlement pay-in day and settlement pay-out day etc.
  • Stock exchanges divide a period of one year [financial year or calendar year] into several settlement periods and allocate settlement number for each settlement-period. All these days collectively are called 'settlement calendar'.
  • Stock exchanges offer different market segments in which trades can be done. The segmentation is done by the type of settlement or type of trade. Each of the segments is denoted as 'market type'

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