n NISM Certifications
VII NISM Series VII
Medium

For carrying out settlement of trades, the clearing corporation is helped by ________.

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Clearing banks

  2. B

    Depositories

  3. C

    Custodians

  4. All of the above

    Correct answer

Why this is the answer

Clearing corporations rely on clearing members, clearing banks, custodians, and depositories to ensure smooth settlement.

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NISM Series VII Mock Test 6