NATIONAL INSTITUTE OF SECURITIES MARKETS

Established by the Securities and Exchange Board of India

NISM-Series-VI: Depository Operations Certification Examination Page 1 of 3

NISM-Series-VI: Depository Operations Certification Examination
I. Introduction to the Capital Market
Curriculum (w.e.f September 24, 2013)

A. Introduction to the capital market
B. Structure of capital market
C. Regulatory environment in Indian capital market
D. Regulators in the Indian capital market

II. Introduction to Depository
A. Need for a depository system
B. Depository as a market participant
C. Legal framework in which the depositories function in India
D. Functions of a depository

III. Depository and its Business Partners
A. Depository participants (DPs)
B. Clearing corporation/Clearing house
C. Issuers and RTAs

IV. Functions of Depository Participant -Account Opening
A. Types of demat account a person can open with a DP
B. Beneficiary account
C. Clearing member account
D. Closure of account
E. Freezing of account
F. Procedure and documentation for changes in client details

V. Functions of Depository Participant - Transmission and Nomination
A. Transmission of shares
B. Nomination of shares
C. Process of transmission of securities held with or without nomination and jointly

VI. Functions of Depository Participant -Dematerialization
A. International Securities Identification Number (ISIN)
B. Process of dematerialization
NATIONAL INSTITUTE OF SECURITIES MARKETS
Established by the Securities and Exchange Board of India


NISM-Series-VI: Depository Operations Certification Examination Page 2 of 3

C. Process of rematerialisation

VII. Functions of Depository Participant -Trading and Settlement
A. Role of DP in facilitating the transfer of securities
B. Off-Market transactions
C. Market transactions
D. Inter-Depository transfers

VIII. Pledge and Hypothecation
A. Concept of pledge and hypothecation
B. Procedure for pledge and hypothecation

IX. Corporate Action
A. Corporate Actions
B. Procedure for Corporate Action w.r.t monetary benefits
C. Procedure for Corporate Action w.r.t non-monetary benefits
D. Procedure for Corporate Action w.r.t rights issue
E. Procedure for Corporate Action w.r.t mergers and amalgamations
F. Procedure for Corporate Action w.r.t monetary benefits
G. Procedure for Corporate Action w.r.t interest payment on debt securities

X. Public Issues
A. Role of DP in the process of public issues

XI. Debt Instruments and Government Securities
A. Debt instruments and government securities
B. Certificate of deposit (CDs)
C. Commercial paper
D. Government securities

XII. Warehouse Receipts
A. Role of DP w.r.t settlement of trades pertaining to warehouse receipts for commodities

XIII. Qualified Financial Institutions
A. Who is a QFI?
B. Requirement for becoming a qualified DP

XIV. Rajiv Gandhi Equity Saving Schemes
A. Procedure for opening an account to invest in RGESS
NATIONAL INSTITUTE OF SECURITIES MARKETS
Established by the Securities and Exchange Board of India


NISM-Series-VI: Depository Operations Certification Examination Page 3 of 3

XV. Basic Services Demat Account (BSDA)
A. Features of BSDA
B. Eligibility conditions required for opening BSDA