NISM Series-VII: Securities Operations and Risk Management

The NISM Series-VII: Securities Operations and Risk Management examination sets a minimum knowledge standard as requisite criteria for people in association with a registered stock-broker / trading member / clearing member in recognized stock exchanges, involved in the following:

(1) assets or funds of investor or clients

(2) redressal of investor grievances

(3) internal control or risk management

(4) activities having a bearing on operational risk.

Target groups

Well, the NISM Series-VII: Securities Operations and Risk Management exam is recommended for the following people:

People in association with registered stock-broker / trading member/clearing member in recognized stock exchanges
Students
Person involved in: assets or funds of investor or clients; internal control or risk management; redressal of investor grievances; activities having a bearing on operational risk.
Industry professionals
Interested individuals

Benefits

Moreover, passing the NISM Series-VII: Securities Operations and Risk Management examination will enable you to-

Understand the fundamentals of Indian securities market, the different products traded, different market participants and the respective roles which they play in the Indian securities market.
Know about the regulatory framework and also the role of the Securities Exchange Board of India.
Understand the process of investor grievances redressal.
Gain knowledge of the various functions of the Front Office, Middle Office and Back Office in a Securities Broking Firm.
Know the trade life cycle, the steps along with the participants involved in the trade life cycle and also the role of the back office in a securities broking firm.
Understand how risk management is done in a securities broking firm, the clearing and settlement process.

Scheduling the exam

So, you can apply for the exam following the steps given below:

Register with the NISM Portal
Use your email address and password to login
Check availability of seats
Schedule the test or enroll online
Make payment using Credit Card / Debit Card/ Net Banking
Download the Admit Card
Download the Study material
Access Exam Results

Rescheduling the exam

Moreover, if required you can reschedule your scheduled exam on your own by logging into NISM portal four days prior to the date of a scheduled exam.
So, you may be offered rescheduling of the exam subject to availability of slots and that too only in certain cases such as:
1. Significant / prolonged disruption of internet / power at the test center
2. Non-availability of NISM’s examination application due to scheduled or unscheduled maintenance
3. Inability of NISM or test administrator to conduct examination/s because of circumstances like natural disasters, law and order situation etc.

Special Accommodation Policy

If you require special accommodation while appearing for NISM Series-VII: Securities Operations and Risk Management exam then you are required to inform NISM regarding the same. Therefore, you have to send the Special Accommodation form to NISM at least 30 days in advance in order to get assistance for special accommodations. So, you will be given the approval/denial for Special Accommodation by NISM after assessing its need at its sole discretion.

Exam Details

Moreover, it is very important thing to note the pattern of exam, number of questions asked, time allotted and other minor details. So, we have mentioned the important details of the NISM Series IV: Interest Rates Derivatives exam as follows:

Type of questions-Multiple-choice questions
No. of questions-100
Time allotted-2hrs
Passing score-50%
Fee-Rs. 1500+

For more details and any queries, visit the NISM Series-VII: Securities Operations and Risk Management Exam FAQs

NISM Series-VII: Securities Operations and Risk Management Exam Course Outline

The syllabus of exam has been categorized in various sections and subsections. So, let’s look into the various domains of the exam as follows:

DOMAIN 1: Introduction to the Securities Market

1. Indian securities markets and its role in Indian economy

2. Structure of Securities market

3. Money market and its key features

4. Products traded in the securities market

DOMAIN 2: Market Participants in the Securities Market

1. Types of investors

2. Issuers

3. Intermediaries

4. Regulators and regulatory framework

DOMAIN 3: Introduction to the Securities Broking Operations

1. Trade life cycle

2. Front office operations

3. Risk management practices

4. Surveillance mechanism

5. Back-office operations

DOMAIN 4: Risk Management

1. Risk Management practices

2. Capital adequacy requirements

3. Client account control

4. Margin requirements

5. Compliances and regulatory reporting

DOMAIN 5: Clearing Process

1. Clearing process

2. Role of clearing agency in clearing of trades

3. Role of clearing banks in clearing of trades

4. Role of clearing members / Custodians in clearing of trades

5. Role of depositories and depository participants in clearing of trades

6. Clearing process for equities trading

7. Clearing process for derivatives trading

DOMAIN 6: Clearing Process

1. Settlement cycle

2. Settlement of Internet based trading and order placed on phone

3. Settlement of funds

4. Settlement of securities

5. Corporate actions adjustment

6. Auction of securities

DOMAIN 7: Investor Grievances and Arbitration

1. Redressal of investor grievance

2. Procedure of arbitration

3. Role of appellate arbitration

DOMAIN 8: Other Services Provided by Brokers

1. Services provided by brokers

2. IPO applications

3. Mutual fund trading through stock exchange

4. Portfolio management services provided by brokers

5. Research reports

6. Depository services

7. Margin trading

Preparation guide for the NISM Series-VII: Securities Operations and Risk Management Exam

Well, wise use of resources plays essential role in preparation of exams. Here, we have mentioned a series of steps accompanied by trustworthy study resources that will help you ace the exam in one go.

NISM Series-VII: Securities Operations and Risk Management Exam Preparation guide

Go through the syllabus of exam

First of all, familiarize yourself with all the topics and subtopics of exam. This will help you get a fair idea about the exam and distribute your learning preparation accordingly. Also, it’s not just the topics but the deep knowledge and practical application of things that will help you ace the exam. So, analyze the syllabus well.

Review the details of exam

However, an important aspect before starting with studying is to know all about the pattern of exam including details about the type and number of questions and also the time allotted. So, this will help you strategize your learning technique and will also help you manage your time while doing the exam.

Study resources

NISM provides it’s workbooks for studying. You can order these workbooks online through Taxmann Publications Private Ltd.
You can look for model test papers at NISM. This will help you in getting familiar with the pattern of exam and would enable you to prepare for the exam better.
NISM provides videos of certain courses on Youtube. Therefore, you can access those videos for gaining more knowledge about the exam.
Alongside, you can also go for online trainings provided by different platforms. This will help you in learning the basics at at greater pace. Moreover, self-study can also do the needful.

Join study groups

Well, joining study groups and communities can also prove to be of great help. It is a platform that connect professionals and beginners which in a way helps you get your queries solved and also allows you to have healthy discussions with peers. Therefore, joining these groups will help you stay updated about any changes that might come.

Practice tests

Lastly, the most important step of preparation is practicing questions. This helps you not only evaluate your level of preparation but also helps you boost your confidence by attempting challenging questions. So, you can find various sample papers on the internet, the practice tests that we offer are definitely reliable. Here, we provide unique sets of professionally designed questions that are of great help in polishing your knowledge. Alongside, Testpreptraining.com also allows you to create your own practice tests.