n NISM Certifications
VII NISM Series VII
Medium

On successful execution of an institutional trade, the broker sends the trade confirmation to the custodian – True or False?

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

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Institutional clients use custodians for trade clearing and settlement. Brokers must send trade confirmations to the respective custodian.

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