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