NISM Series 7 Securities Operations Certification Exam Notes

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  • Liquid Government Securities: Eligible collateral with low haircuts.
  • Margin Offset: Allowed for hedged positions in derivatives.
  • Client Margin Obligations: Must be met before trading.
  • Exchange Oversight: Ensures brokers comply with risk rules.
  • Back Office Systems: Track margins and collateral usage.

NISM Securities Operations

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