NISM Series 7 Securities Operations Certification Exam Notes

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  • Pay-Out Timing: Completed on T+1 afternoon for cash market.
  • Auction Mechanism: Conducted by exchanges for shortages.
  • Adjustment Factor: Used for corporate action position changes.
  • Client Ledger: Tracks all receipts/deliveries of funds/securities.
  • SEBI Circulars: Guide settlement processes and compliance.

NISM Securities Operations

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