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NISM Certifications · NISM-Series-VI: Depository Operations · Functions of Depository Participant - Account Operations

A BO has lost his unused delivery instruction slip (DIS) booklet. What should the BO do first so that misuse can be prevented?

The BO should immediately inform the DP in writing about the lost delivery instruction slips so the DP can block those slip numbers. Delay risks fraudulent debits, and neither the issuer company nor a quarterly statement can prevent misuse.

  1. AInform the DP in writing immediately so that the lost slips are blockedCorrect
  2. BWait until the DP sends the next quarterly statement
  3. CClose the demat account and open a new one only
  4. DInform the issuer company of the loss

Explanation

The BO should intimate the DP in writing without delay so the lost slip numbers are stopped and cannot be used for debits. Waiting for a statement exposes the account to fraud. Closing the account is unnecessary, and the issuer company has no role in DIS handling.

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