Mock Test NISM Series VII Securities Operations And Risk Management

A pool account is used to receive shares from selling clients and to send shares to buying clients.

The process of original trade being cancelled and the clearing agency taking over as counterparty to all trades is called Novation

Clearing members need to take membership with the Clearing Agencies.

Corporate action adjustments are done on all Open positions

Arbitration for claims up to Rs. 25 lakh is decided by a sole arbitrator.

Arbitration aims at quicker legal resolution for the disputes

The facility for modification of mutual fund order does not include

ASBA is the acronym for

________ is a process by which a company offers shares for sale to public for the first time.

Arbitration for claims up to Rs. ___ lakh is decided by a sole arbitrator