n NISM Certifications
VII NISM Series VII
Medium

Clearing corporation carries out the pay-out of funds and securities to the ________ before the pay-out time.

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

Options

  1. A

    Sub Brokers

  2. B

    Depository participants

  3. Trading Members

    Correct answer

  4. D

    Stock exchanges

Why this is the answer

The clearing corporation pays out funds and securities to trading members (clearing members), who then pass them to their respective clients.

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.