n NISM Certifications
VII NISM Series VII
Medium

In the Currency Derivative segment, members with funds pay-in obligation must have clear funds in their primary clearing account on or before ______ on settlement day.

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

Options

  1. 8.30 am

    Correct answer

  2. B

    10.30 am

  3. C

    7.30 am

  4. D

    11.00 am

Why this is the answer

For currency derivatives, final settlement is T+2. Members must have clear funds in their clearing account by 8:30 am on settlement day to meet pay-in obligations.

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