n NISM Certifications
VII NISM Series VII
Medium

________ performs multilateral netting and determines the final obligations of all clearing members.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Clearing Members

  2. B

    Professional Clearing Members

  3. C

    Stock Exchanges

  4. Clearing Corporation

    Correct answer

Why this is the answer

The Clearing Corporation processes trade data received from the stock exchange, groups trades under respective clearing members, and performs multilateral netting to determine the final obligations of all clearing members before settlement.

Test yourself for real

Take a full NISM Series VII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.

NISM Series VII Mock Test 3