NISM Series 7 Securities Operations Certification Exam Notes

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  • Interoperability: Allows clearing across multiple exchanges.
  • Margin Exchange: Clearing corporations exchange margins reciprocally.
  • Trade Confirmation: Validates trades for clearing process.
  • Custodian Trades: Confirmed by custodians for institutional clients.
  • Net Settlement: Reduces obligations by offsetting buy/sell trades.

NISM Securities Operations

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