Options
- A
Broker / Clearing Member
-
Exchange
Correct answer
- C
Investor
- D
Clearing Bank
Why this is the answer
Once trades are executed, the Exchange forwards all trade details to the Clearing Corporation to initiate clearing and settlement. The Clearing Corporation then determines members’ pay-in and pay-out obligations.
Test yourself for real
Take a full NISM Series VII mock test.
Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.