n NISM Certifications
VII NISM Series VII
Medium

If a custodian fails to confirm settlement of a trade, the responsibility falls on ________.

Practice question from NISM Series VII Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The investor

  2. B

    The Clearing Corporation

  3. The trading member who executed the trade

    Correct answer

  4. D

    The Depository Participant of the investor

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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