n NISM Certifications
VII NISM Series VII
Medium

In the Equity Derivatives segment, pay-in of funds on the settlement day must happen before ______.

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

Options

  1. A

    9:00 am

  2. 8:30 am

    Correct answer

  3. C

    10:30 am

  4. D

    11:30 am

Why this is the answer

Pay-in is when brokers deposit funds/securities with the clearing house. For equity derivatives, this occurs before market hours, typically around 8:30 a.m.

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