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NISM Certifications · NISM-Series-VI: Depository Operations · Investor Services (NISM VI)

A BO has issued a Delivery Instruction Slip (DIS) booklet to a family member to fill, signing only the first page, and the DP later finds the instruction mismatched with records. Which DP duty is most directly engaged in handling such instructions?

The DP must verify that the DIS belongs to a booklet issued to that BO and that the signatures match the specimen on record before executing it. Accepting anyone's signature or skipping checks breaches DP responsibilities.

  1. AAccepting any DIS signed by anyone in the family
  2. BVerifying signatures on the DIS against the specimen held and checking the DIS is from the issued booklet before executingCorrect
  3. CExecuting the DIS without checks to avoid delay
  4. DForwarding the DIS to the issuer for approval

Explanation

Before processing a DIS the DP must verify that it is from a booklet issued to that BO and that the signatures tally with the specimen signatures on record. Skipping checks or accepting other signatories exposes the DP to liability.

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