NISM Series 7 Securities Operations Certification Exam Notes

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  • Running Account Settlement: Done monthly or quarterly for clients.
  • Client Funds Retention: Allowed for outstanding obligations.
  • Regulatory Compliance: Adherence to SEBI settlement rules.
  • Electronic Audit Trail: Tracks funds/securities transactions.
  • Close-Out Process: Handles delivery defaults via auctions.

NISM Securities Operations

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