NISM Series 7 Securities Operations Certification Exam Notes

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  • Pay-Out Process: Funds/securities credited by afternoon on T+1.
  • Daily Mark-to-Market: Futures contracts settled daily based on prices.
  • Final Settlement: Uses reference rates for derivatives contracts.
  • Auction Process: Conducted for securities delivery shortages.
  • Corporate Actions: Include bonuses, splits, and dividends.

NISM Securities Operations

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