n NISM Certifications
VII NISM Series VII
Medium

In an off-market trade, clearing and settlement occurs ______ the participation of a clearing corporation.

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

Options

  1. A

    With

  2. Without

    Correct answer

Why this is the answer

Off-market trades are settled directly between parties, bypassing the clearing corporation.

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NISM Series VII Mock Test 4