n NISM Certifications
VII NISM Series VII
Medium

The Clearing House carries out the payout of funds and securities to ________ before the payout time.

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Banks

  2. B

    Depository Participants

  3. C

    Sub-Brokers

  4. Trading Members

    Correct answer

Why this is the answer

Payout is the process where the Clearing House delivers funds or securities to trading members and custodians.

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