n NISM Certifications
VII NISM Series VII
Medium

T+2 settlement means:

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

Options

  1. A

    Trade settles on the trade day

  2. Trade settles 2 working days after trade date

    Correct answer

  3. C

    Trade settles after 2 weeks

  4. D

    Trade settles after 2 months

Why this is the answer

In T+2, the buyer must pay, and the seller must deliver shares two working days after the trade date.

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NISM Series VII Mock Test 5