n NISM Certifications
VII NISM Series VII
Medium

If the Electronic Contract Note (ECN) is not delivered by email or bounces, the hard copy must be sent to the client within ______.

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

Options

  1. 24 hours

    Correct answer

  2. B

    48 hours

  3. C

    36 hours

  4. D

    Immediately

Why this is the answer

Contract notes must be issued within 24 hours in the prescribed format. If ECN fails, the broker must send a physical copy within this timeframe.

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