NISM NISM-Series-VII dumps - in .pdf

NISM-Series-VII pdf
  • Exam Code: NISM-Series-VII
  • Exam Name: NISM Series VII - Securities Operations and Risk Management Certification
  • Updated: Aug 15, 2026
  • Q & A: 334 Questions and Answers
  • PDF Price: $59.99

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  • Exam Code: NISM-Series-VII
  • Exam Name: NISM Series VII - Securities Operations and Risk Management Certification
  • Updated: Aug 15, 2026
  • Q & A: 334 Questions and Answers
  • PDF Version + PC Test Engine + Online Test Engine
  • Value Pack Total: $119.98  $79.99
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NISM NISM-Series-VII dumps - Testing Engine

NISM-Series-VII Testing Engine
  • Exam Code: NISM-Series-VII
  • Exam Name: NISM Series VII - Securities Operations and Risk Management Certification
  • Updated: Aug 15, 2026
  • Q & A: 334 Questions and Answers
  • Software Price: $59.99
  • Testing Engine

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NISM NISM-Series-VII Exam Syllabus Topics:

SectionObjectives
Risk Management in Securities Markets- Risk mitigation systems
  • 1. Surveillance and compliance mechanisms
    • 2. Margins and collateral systems
      - Market and operational risk
      • 1. Types of financial risks
        • 2. Operational risk controls
          Depository Operations- Demat account framework
          • 1. NSDL and CDSL roles
            • 2. Account opening and maintenance
              - Corporate actions
              • 1. Record dates and entitlement processing
                • 2. Dividends, bonuses, splits
                  Securities Market Operations- Market participants and structure
                  • 1. Roles of brokers, exchanges, and investors
                    • 2. Order types and trading mechanism basics
                      - Trading process
                      • 1. Trade confirmation and reporting
                        • 2. Order execution and trade lifecycle
                          Clearing and Settlement- Clearing mechanisms
                          • 1. Clearing corporations and counterparties
                            • 2. Netting and settlement obligations
                              - Settlement systems
                              • 1. T+1/T+2 settlement cycles
                                • 2. Margining and risk adjustments

                                  NISM Series VII - Securities Operations and Risk Management Certification Sample Questions:

                                  1. Regarding the premium settlement for option contracts, at what level is the premium payable or receivable value computed by the Clearing Corporation?

                                  A) Netting is done across all option contracts for a specific underlying security at the client level.
                                  B) After netting the premium payable or receivable positions at the Trading Member/Custodial Participant level for each option contract.
                                  C) Gross at the individual client level without any netting.
                                  D) Netting at the Clearing Member level across all segments.
                                  E) Gross at the Trading Member level but netted at the Clearing Member level.


                                  2. Regarding the payment of upfront margin by a clearing member to the Clearing Corporation, which of the following statements accurately describes the timing and method of collection?

                                  A) Margins are collected only in the form of cash equivalents deposited with the Clearing Bank.
                                  B) Margins are calculated weekly and adjusted against the Base Minimum Capital.
                                  C) Margins are adjusted from the liquid assets of a clearing member on a real-time basis.
                                  D) Margins are collected at the end of the trading day via a debit to the settlement account.
                                  E) Margins are collected on T+1 day before the pay-in of funds.


                                  3. Which of the following statements accurately describe the settlement mechanisms and schedules in the Indian Securities Market?
                                  (Select all that apply)

                                  A) In Cash Settlement of derivatives, counterparties exchange the underlying physical asset upon expiry.
                                  B) The final settlement of Currency Derivatives occurs on a T+1 basis.
                                  C) Equity Cash market trades executed on T day are settled on T+1 day.
                                  D) Funds pay-in for the T+1 settlement cycle in the Cash Market must occur by 11 AM on T+1 day.
                                  E) Exchange-traded equity derivatives contracts on Indices are cash-settled.


                                  4. Which of the following statements are CORRECT regarding the Settlement of Securities in the Indian Cash Market? (Select all that apply)

                                  A) The securities direct pay-out mandated by SEBI is applicable to all clients, including those having arrangements with registered custodians.
                                  B) Clients can authorize the broker via DDPI to access their BO account for the limited purpose of meeting pay-in obligations.
                                  C) Purchasers of securities are required to issue a fresh receipt instruction to their DP for every transaction, as standing instructions are prohibited.
                                  D) As a consequence of Direct Payout, the timing of the securities payout has been revised to 3:30 PM.
                                  E) In case of holidays, the CCs settle trades on a sequential basis, ensuring the pay-out of the first settlement is completed before the pay-in of the subsequent settlement.


                                  5. Which of the following statements accurately describe the application of the 'Close Out' procedure by the Clearing Corporation? (Select all that apply)

                                  A) Close out is conducted if an auction for short delivery finds no sellers.
                                  B) Any surplus proceeds from a close out are credited to the defaulting party's settlement account.
                                  C) Securities under 'Trade for Trade' category are subject to direct close out without an auction.
                                  D) The close out price is strictly fixed at the closing price of the trade day for all scenarios.
                                  E) Delivery shortages in securities undergoing corporate action are directly closed out.


                                  Solutions:

                                  Question # 1
                                  Answer: B
                                  Question # 2
                                  Answer: C
                                  Question # 3
                                  Answer: C,D,E
                                  Question # 4
                                  Answer: B,D,E
                                  Question # 5
                                  Answer: A,C,E

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