n NISM Certifications
VII NISM Series VII
Medium

For T+1 rolling settlement in equity markets, the custodian must pay margin or perform early pay-in of funds/securities by ______.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    T Day

  2. T+1 Day

    Correct answer

  3. C

    T+2 Day

  4. D

    T+3 Day

Why this is the answer

For institutional trades under T+1 settlement, custodians complete margins and pay-ins on T+1 day according to the prescribed schedule for timely settlement.

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