NISM Series VI (Depository Operations) case studies
NISM Series VI (Depository Operations) · Put your knowledge to work in context.
NISM-Series-VI: Depository Operations Certification Examination is one of the certification examinations offered by the National Institute of Securities Markets (NISM), a public trust established in 2006 by the Securities and Exchange Board of India (SEBI). NISM lists this examination under its Operations category, alongside the Securities Operations and Risk Management certification. The examination is intended for candidates who work, or intend to work, in depository and securities operations roles - typically back-office and operations staff at depository participants, brokerages, and custodial or registrar functions - where an understanding of depository processes and market infrastructure is part of the job. Because NISM does not publish the detailed content outline on the page retrieved for this profile, this guide does not reproduce a domain-by-domain syllabus; candidates should obtain the current NISM workbook and study material through NISM's own channels and confirm the applicable syllabus there. The NISM Series VI (Depository Operations) case studies are 5 cases and about 2,260 words.
1Transmission in an 'Either or Survivor' Joint Demat Account
Ravi and Suresh, brothers, hold 800 equity shares of a listed pharma company in a joint demat account with DP ABC. The account mode is 'Either or Survivor'.
458 words, about 2 min2Revocation of an Off-Market DIS After Cut-Off but Before Execution
Meera submits a delivery instruction slip to her DP at 3:40 pm on 12 August to transfer 5,000 shares of XYZ Ltd to her father's account with another DP. The DIS quotes the father's DP ID and client ID, but one digit in the client ID is wrong; the name 'Ramesh' matches.
480 words, about 2 min3Late e-DIS, Short Delivery and Exchange Auction Loss
Nitin sells 1,200 shares of a mid-cap company on Monday. His broker's cut-off for client deliveries is 4:30 pm; his DP's e-DIS cut-off is 5:00 pm.
436 words, about 2 min4Pledge Release Without the Pledgee's Depository Instruction
Kavita pledges 10,000 shares of a listed company with an NBFC as collateral for a Rs 25 lakh loan. The pledge is created through Kavita's DP; the NBFC's DP is a different DP.
442 words, about 2 min5Mixed Demat Request with Name Change, Lock-In and Mutilated Certificates
Arjun submits a demat request form to his DP for 300 shares of a listed company. The lot contains three certificates of 100 shares each.
444 words, about 2 min