n NISM Certifications
VII NISM Series VII
Medium

In a custodian-settled trade for institutional clients under T+1 rolling settlement, the credit of shares/funds to the client account occurs on ______.

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    T+1

  2. B

    T+2

  3. C

    T+3

  4. T+1/T+2

    Correct answer

Why this is the answer

For T+1 rolling settlement, the trade date is T, custodial obligations are transferred by T+1, and the funds or securities are credited to the client account by T+1 or T+2, depending on the settlement workflow.

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NISM Series VII Mock Test 4