n NISM Certifications
VII NISM Series VII
Medium

Depositories, before executing Pay-In transfers from client demat account to TM Pool account, validate instructions against net delivery obligations received from ______.

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

Options

  1. A

    Stock Brokers

  2. B

    Depository Participants

  3. C

    Exchange

  4. Clearing Corporation

    Correct answer

Why this is the answer

To mitigate risk, depositories validate Pay-In instructions against Clearing Corporation’s client-wise net delivery obligations.

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NISM Series VII Mock Test 5