Skip to content

NISM Certifications · NISM-Series-VI: Depository Operations · Depository and its Business Partners

A client complains that her DP has not acted on a request. Which of the following is a DP's responsibility regarding the Delivery Instruction Slip (DIS) it issues to clients?

A DP must issue DIS booklets bearing pre-printed serial numbers and keep records of each issue to the client. This ensures control and traceability; there is no minimum holding requirement, and signed blank or unverified collection is not allowed.

  1. AIssue DIS booklets with pre-printed serial numbers and maintain records of the issueCorrect
  2. BIssue loose DIS leaves signed in advance by the client
  3. CAllow any person to collect the DIS booklet on the client's behalf without verification
  4. DIssue DIS only to clients having a minimum holding of Rs 1 lakh

Explanation

DIS booklets carry pre-printed serial numbers and the DP must record their issue to the client, which supports control and audit. Issuing signed blank leaves or giving the booklets to unverified persons breaches safeguards, and no minimum holding is required to obtain DIS.

Did you get it right without looking?

One question tells you little. A timed set on Depository and its Business Partners shows your real accuracy, how long you take and where you lose marks.

Practise Depository and its Business PartnersFree diagnostic mock

More Depository and its Business Partners questions