NISM Series VII - Securities Operations and Risk Management Certification - NISM-Series-VII무료 덤프문제 풀어보기

A. The firm must maintain a static profit-sharing ratio for 5 years.

B. All partners must hold NISM Series-VII certification.

C. A minimum of 51% of capital must be held by a designated clearing bank.

D. The firm must convert to a Limited Liability Partnership within 1 year.

E. The applicant must identify a Dominant Promoter Group.

A. Waiver of stamp duty on the underlying collateral

B. Automatic guarantee by the Central Government

C. Exemption from Securities Transaction Tax (STT)

D. Exemption from RBI's CRR/SLR computation

E. Eligibility for priority sector lending classification

A. In no case shall the auction be held beyond a period of one week from the pay-in day of the settlement in which the contract was entered into.

B. Any amount remaining from the proceeds of an Auction or Close-out, after settling the aggrieved party's claim, is credited to the Core Settlement Guarantee Fund (Core SGF).

C. If the auction seller fails to deliver on the auction pay-in day, the deal is closed out at the standard valuation price of the T+1 day.

D. The auction for undelivered quantities can be held multiple times for the same settlement until the full quantity is procured.

E. The members participating in the auction session as sellers are required to deliver the shares to the Clearing Corporation on or before the auction pay-in day, which is the subsequent day.

A. In the Articles of Association of the Depository Participant

B. In the bye-laws of the Depository

C. In the Securities Contracts (Regulation) Rules, 1957

D. In the SEBI (Stock Brokers) Regulations, 1992

E. In the Master Circular for Depositories issued by RBI

A. Trading Members (TM) report to the Clearing Member (CM), and the CM reports to the Stock Exchanges and Clearing Corporations.

B. Trading Members (TM) report directly to the Stock Exchanges, which then forward data to the CC.

C. Clearing Members (CM) report only the aggregate figures to the CC, keeping client-level data internal.

D. Depositories report the collateral usage directly to the Clearing Corporation based on pledge data.

E. Clients report directly to the Clearing Corporation via the web portal.

A. Netting is permitted only for funds, while securities obligations are kept separate.

B. Obligations are netted across both cycles to reduce liquidity stress.

C. There shall be no netting in pay-in and pay-out obligations between T+1 and T+0 settlement cycles.

D. Netting is allowed only if the member opts for the 'Unified Settlement' facility provided by the Clearing Corporation.

E. Securities delivered in T+0 pay-out can be immediately netted against T+1 pay-in obligations for the same day.

A. Client Collateral -> CM Proprietary Collateral -> TM Proprietary Collateral

B. Client Collateral -> TM Proprietary Collateral -> CM Proprietary Collateral

C. TM Proprietary Collateral -> Client Collateral -> CM Proprietary Collateral

D. Client Collateral Excess Collateral of other Clients CM Proprietary Collateral

E. CM Proprietary Collateral TM Proprietary Collateral -> Client Collateral

A. 40% of the total applicable margin.

B. 100% of the higher margin of the two positions.

C. 25% of the total applicable margin on the eligible offsetting positions.

D. 0% (Total margin exemption).

E. 30% of the applicable upfront margin.

A. All institutional investors including Foreign Portfolio Investors (FPIs).

B. Portfolio Managers (PMS) who are mandatorily directed to enter into delivery backed transactions.

C. An investor whose Trading Member clears trades in F&O segment and cash segment through the same Clearing Member (CM).

D. An investor trading through different Trading Members who use different Clearing Members.

E. An institutional investor trading through a Custodian in Cash and a Professional Clearing Member in F&O.

A. An auction session will be conducted on T+0 day itself for any securities shortage.

B. There shall be no netting in pay-in and pay-out obligations between T+1 and T+0 settlement cycles.

C. Pay-in for T+0 sell obligations is allowed only by way of early pay-in using the block mechanism.

D. Security shortages shall be directly closed out at 10% above the highest price of the day across all exchanges for T+0 market.

E. Trading timings for the T+0 session are from 09:15 AM to 3:30 PM.

A. Total Indebtedness: Rs. 100 Crore; Maximum Exposure: 5 times Net Worth

B. Total Indebtedness: Rs. 20 Crore; Maximum Exposure: Rs. 50 Crore

C. Total Indebtedness: Rs. 30 Crore; Maximum Exposure: Borrowed Funds + Rs. 10 Crore

D. Total Indebtedness: Rs. 50 Crore; Maximum Exposure: Borrowed Funds + Rs. 5 Crore

E. Total Indebtedness: Rs. 50 Crore; Maximum Exposure: Borrowed Funds + Rs. 10 Crore

A. Masala Bonds

B. Global Depository Receipts (GDRs)

C. Indian Depository Receipts (IDRs)

D. American Depository Receipts (ADRs)

E. Foreign Currency Convertible Bonds (FCCBs)

A. SEBI (Stock Brokers) Regulations, 1992

B. Depositories Act, 1996

C. Securities Contracts (Regulation) Rules, 1957

D. Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

E. SEBI (Intermediaries) Regulations, 2008

A. CCs shall transfer the securities from the client account to the pool account directly without Depository intervention.

B. CCs must approve every individual transfer instruction manually before execution on the settlement day.

C. CCs must validate the ISINs in the client account against the Exchange master list on T-1 day.

D. CCs must generate a physical delivery instruction slip for every client obligation by T+1 morning.

E. CCs shall provide client-wise net delivery obligations on T day to the depositories.