NISM SECURITIES OPERATIONS AND RISK MANAGEMENT COURSE
I. Introduction to the Securities Market
- Indian securities markets and its role in Indian economy
- Structure of Securities market
- Money market and its key features
- Products traded in the securities market
II. Market Participants in the Securities Market
- Types of investors
- Issuers
- Intermediaries
- Regulators and regulatory framework
III. Introduction to the Securities Broking Operations
- Trade life cycle
- Front office operations
- Client on-boarding and registration
- KYC
- Unique Client Code
- Order management
- Order routing through the exchange
- Execution of trade
- Risk management practices
- Surveillance mechanism
- Back-office operations
- Trade enrichment
- Trade allocation
- Trade confirmation/modification
- Clearing and settlement
- Accounting
- Information technology
- Regulatory compliances
IV. Risk Management
- Risk Management practices
- Capital adequacy requirements
- Client account control
- Margin requirements
- Compliances and regulatory reporting
V. Clearing Process
- Clearing process
- Role of clearing agency in clearing of trades
- Role of clearing banks in clearing of trades
- Role of clearing members / Custodians in clearing of trades
- Role of depositories and depository participants in clearing of trades
- Clearing process for equities trading
- Clearing process for derivatives trading
VI. Settlement Process
- Settlement cycle
- Settlement of Internet based trading and order placed on phone
- Settlement of funds
- Settlement of securities
- Corporate actions adjustment
- Auction of securities
VII. Investor Grievances and Arbitration
- Redressal of investor grievance
- Procedure of arbitration
- Role of appellate arbitration
VIII. Other Services Provided by Brokers
- Services provided by brokers
- IPO applications
- Collection of IPO application forms
- ASBA facility
- Mutual fund trading through stock exchange
- Portfolio management services provided by brokers
- Research reports
- Depository services
- Margin trading
