n NISM Certifications
NSM General NISM
Medium

For Open Position on Last Trading Day, who must notify the Clearing Corporation of the intent to deliver?

Practice question from NISM Series IV - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Futures seller

    Correct answer

  2. B

    Futures buyer

  3. C

    Both

  4. D

    None

Why this is the answer

The seller must notify the intent to deliver on the last trading day.

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