n NISM Certifications
XIII NISM Series XIII
Medium

The clearing member is free to close out transactions of a trading member if ________.

Practice question from NISM Series XIII for SIF - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The trading member has not paid initial margin money

  2. B

    The trading member has not paid daily settlement dues

  3. In both the above cases

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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