n NISM Certifications
VII NISM Series VII
Medium

After receiving securities from a seller, the broker transfers them to the _______.

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Buyer’s account directly

  2. B

    Clearing bank

  3. C

    Stock Exchange

  4. Clearing agency

    Correct answer

Why this is the answer

After trade execution, securities move from the broker to the clearing agency, then to the buying broker, and finally to the buyer’s account.

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NISM Series VII Mock Test 2