n NISM Certifications
VII NISM Series VII
Medium

The broker can request the Clearing Corporation to deliver securities directly to the purchaser’s account. State True or False.

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

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Normally, securities purchased are first credited to the broker’s demat account. However, brokers may request the Clearing Corporation to directly deliver securities to the client’s demat account for efficiency.

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