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NISM Certifications · NISM-Series-VII: Securities Operations and Risk Management · Introduction to Securities Broking Operations

Which of the following is generally the unique identifier that links a client's trades to the client across the exchange's systems, and must be entered on each order?

The Unique Client Code (UCC) is the identifier that links trades to a client and must be entered on every order. It is mapped to the client's PAN and details with the exchange. Contract note, settlement and statement numbers identify documents or cycles, not clients.

  1. AUnique Client Code (UCC)Correct
  2. BContract note number
  3. CSettlement number
  4. DDemat statement serial number

Explanation

Each client is assigned a Unique Client Code which is mapped to the client's PAN and details at the exchange. Orders must carry the correct UCC. The other items identify documents or settlement cycles, not the client.

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