NISM Series 7 Securities Operations Certification Exam Notes

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  • Block Mechanism: Ensures securities delivery for sale trades.
  • Settlement Price: Determined by exchange for derivatives.
  • Net Settlement: Offsets buy/sell obligations for efficiency.
  • T+0 Settlement: Optional same-day settlement for select securities.
  • Depository Role: Transfers securities based on clearing instructions.

NISM Securities Operations

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