NISM Series 7 Securities Operations Certification Exam Notes

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  • T+1 Obligations: Determined by 7:30 AM on T+1 day.
  • Settlement Cycles: Vary by market segment (cash, derivatives).
  • Client Protection: Safeguards against clearing member defaults.
  • Inter-Clearing Exposure: Managed through margin exchanges.
  • Depository Instructions: Facilitate securities transfer for settlement.

NISM Securities Operations

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