NISM Certifications · NISM-Series-VI: Depository Operations · Functions of Depository Participant - Account Operations
Which of the following is a statement of account that a DP must provide to a BO at the prescribed frequency, showing the holdings and transactions in the demat account?
The transaction-cum-holding statement is the document a DP gives the BO showing the securities held and the transactions in the demat account over the period. A contract note is issued by a broker for trades, while a DIS is merely an instruction form.
- ATransaction-cum-holding statementCorrect
- BContract note
- CDelivery instruction slip
- DAccount opening form
Explanation
The DP provides the BO a transaction statement and holding statement, now commonly combined as a transaction-cum-holding statement, at the prescribed periodicity. A contract note is issued by a stockbroker for trades, and the DIS is an instruction form, not a statement.
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