n NISM Certifications
VII NISM Series VII
Medium

The Clearing Corporation is linked to the systems of ______ to effect settlements.

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

Options

  1. A

    Banks

  2. B

    Depositories

  3. Both Banks and Depositories

    Correct answer

Why this is the answer

Clearing Corporations coordinate with clearing banks and depositories to facilitate the transfer of funds and securities on pay-in and pay-out days.

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NISM Series VII Mock Test 5