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

Which of the following best describes a 'transaction statement' that a DP must provide to a BO?

A transaction statement is a record of the debits and credits made in the BO's demat account, along with holdings, issued by the DP at the periodic intervals prescribed or on request. It lets the BO verify account activity and is unrelated to company profits or market prices.

  1. AA record of the debits and credits in the BO's account, issued at the periodic intervals prescribedCorrect
  2. BA statement of the company's quarterly profits
  3. CA list of all other BOs of the DP
  4. DA summary of exchange trading prices

Explanation

The DP gives BOs a statement of account showing transactions (debits and credits) and holdings at the prescribed frequency, or more often on request. The other options have nothing to do with the BO's account activity.

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