n NISM Certifications
XIII NISM Series XIII
Medium

A broker buys 30 lots of USDINR at 58.60 and sells 18 lots the same day at 58.80. Settlement price = 58.40. What is the MTM margin payable?

Practice question from NISM Series XIII for SIF - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. ₹0

    Correct answer

  2. B

    ₹−1,400

  3. C

    ₹−2,400

  4. D

    ₹1,200

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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