Clearing Settlement and Risk Management Module (Foundation) Practice Exam

Clearance, Settlement, and Risk Management are essential operations within a Clearing Corporation. This program serves as a foundational level course for individuals seeking to understand the operational protocols and procedures related to Clearance, Settlement, Collateral Management, and Risk Management within NSE Clearing Limited (previously known as National Securities Clearing Corporation Limited).

Who should take the exam?

The exam will benefit:

• Students
• Teachers
• Employees of Clearing Members
• Anybody having interest in the Indian Securities Market.

Exam Details

• Exam Name: Clearing Settlement and Risk Management Module
• Exam Languages: English
• Exam Questions: 75 Questions
• Time: 60 minutes
• Passing Score: 60%

Course Outline 

The Exam covers the given topics  - 

Section 1. Overview

1.1 About NSCCL

1.2 Segments

1.3 Clearing Members

1.4 Custodial Participants

1.5 Clearing Accounts

1.6 Systems and Interfaces

Section 2. Understand Liquid Asset

2.1 Acceptable Forms

2.2 Minimum Deposit Requirement

2.3 Procedure for Submission of Collaterals

2.4 Procedure for Release of Collaterals

2.5 Procedure for Transfer of Collaterals

2.6 Deposited Collateral Information

Section 3. Learn about Capital Market

3.1 Over View

3.2 Clearing

3.3 Settlement

3.4 Margins

3.5 Action for Shortages and Penalties

Section 4. Understand Securities Lending and Borrowing Scheme

4.1 Over View

4.2 Clearing

4.3 Settlement

4.4 Adjustments for Corporate Actions

4.5 Margins

4.6 Position Limits

4.7 Dealings with Clients

Section 5. Learn about New Debt Segment

5.1 Overview

5.2 Clearing

5.3 Settlement

5.4 Margins

5.5 Action for Shortages and Penalties

Section 6. Understand Equity Derivatives Segment

6.1 Overview

6.2 Clearing

6.3 Settlement

6.4 Margins

6.5 Position Limits

6.6 Action for Shortages and Penalties

Section 7. Currency Derivatives Segment

7.1 Overview

7.2 Clearing

7.3 Settlement

7.4 Margins

7.5 Position Limits

7.6 Action for Shortages and Penalties

Section 8. Overview of Services

8.1 Connect2nse Margins

8.2 Information via SMS

8.3 Margins and Collateral Information on Member Portal