n NISM Certifications
VII NISM Series VII
Medium

If trade details do not match, the custodian will ______ the trade.

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Partially accept

  2. B

    Partially reject

  3. Reject

    Correct answer

  4. D

    Still accept

Why this is the answer

Custodians verify institutional trades. If trade details do not match, the custodian rejects the trade, and margin obligations are applied accordingly.

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