n NISM Certifications
VII NISM Series VII
Medium

Can the broker request the Clearing Corporation to deliver the securities directly to the purchaser’s account? Yes or No?

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Yes

    Correct answer

  2. B

    No

Why this is the answer

By default, securities are first delivered to the broker’s demat account. However, brokers may request direct delivery to the purchaser’s account.

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