n NISM Certifications
VII NISM Series VII
Medium

The clearing members are informed by ________ regarding the Pay-In/Pay-Out of funds.

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

Options

  1. A

    Depository Participants

  2. Clearing Banks

    Correct answer

  3. C

    Stock Exchange

  4. D

    None of the above

Why this is the answer

Clearing banks act as intermediaries between clearing members and the clearing corporation, managing all pay-in and pay-out obligations based on net settlements.

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