n NISM Certifications
VII NISM Series VII
Medium

The clearing agency determines the obligation ______ custodial confirmation.

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Before

  2. After

    Correct answer

Why this is the answer

Clearing corporations determine settlement obligations only after custodial confirmation, ensuring accurate pay-in and pay-out instructions.

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.