Indemnity for negligence
Where loss is caused to a beneficial owner by the negligence of the depository or of a participant, the depository must indemnify the beneficial owner.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series III-A← All terms