Description
Taxmann Securities Operations and Risk Management edition 2024 by National Institute of Securities Markets | An Educational Initiative of SEBI
This comprehensive book offers an in-depth analysis of the operational facets of stock brokerage, catering to individuals keen on mastering broker operations and risk management within the securities markets. It is structured to enhance understanding through a detailed examination of various critical areas, such as:
Client Onboarding
Trade Life Cycle
Compliance Requirements Related to Report Submission
Redressal of Investor Grievances
Upon completing this book, readers will gain a foundational understanding of the Indian securities market, including its products, participants, and the roles they play. The book aims to establish a minimum knowledge benchmark for associated persons of registered stock brokers, trading members, and clearing members, focusing on managing assets or funds, investor grievance redressal, internal control, risk management, and operational risk aspects.
The Present Publication is the January 2024 workbook version, published exclusively by Taxmann for NISM Certification Examination VII [Securities Operations and Risk Management], with the following noteworthy features:
[Know] the following in detail:
Basics of the Indian Securities Market – Explores the basics of securities, the money market, products traded in the Indian securities market, and the concept of International Financial Services Centres (IFSC)
Market Participants – Details the roles of investors, issuers, the market structure, participants, and regulators in the securities market
Securities Trade Life Cycle – Offers insights into front office, middle office, and back office operations, outlining their functions and significance
[Understanding] of the following:
Clearing Process – Explains the role of clearing corporations, clearing banks, clearing members, custodians, depositories, and the clearing process itself
Settlement Process – Covers the determination of settlement obligations, settlement of funds and securities, auction of securities, and corporate actions adjustment
Risk Management – Discusses risk management strategies, compliance, regulatory reporting, and the Core Settlement Guarantee Fund
Investor Grievances and Arbitration – Focuses on investor grievance mechanisms, online dispute resolution, and investor protection funds
Other Services Provided by Brokers – Explores IPO applications, trading of mutual fund units, portfolio management service, research reports, depository services, margin trading, and internet-based trading technologies
The contents of the book are as follows:
Introduction to the Securities Market
Overview of the securities market
Insights into the money market
Exploration of products traded in the Indian securities market
Discussion on International Financial Services Centres (IFSC)
Market Participants in the Securities Market
Detailed introduction to different market participants
Roles and perspectives of investors and issuers
Overview of market structure and key participants
An in-depth look at regulators in the securities market
Introduction to the Securities Broking Operations
Detailed stages of the securities trade life cycle
Examination of front office, middle office, and back office operations
Risk Management
A comprehensive exploration of risk management strategies and practices
Discussion on compliances and regulatory reporting
Insight into the Core Settlement Guarantee Fund
Clearing Process
Introduction to the clearing process
Roles and functions of the Clearing Corporation, clearing banks, clearing members, custodians, depositories, and depository participants
Detailed explanation of the clearing process
Settlement Process
Overview of the Settlement process in securities trading
Determination and settlement of obligations, both in funds and securities
Procedures for auction and corporate actions adjustment
Investor Grievances and Arbitration
Introduction to investor grievances and arbitration mechanisms
Online resolution of disputes in the Indian securities market
Overview of the Investor Protection Fund
Other Services Provided by Brokers
Range of services offered by brokers, including IPO applications, trading of mutual fund units, and portfolio management services
Discussion on research reports, depository services, margin trading, and internet-based trading technologies