n NISM Certifications
VII NISM Series VII
Medium

The pay-out of securities is done simultaneously through both depositories — True or False?

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

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Securities pay-out occurs on the T+1 working day after the trade date, simultaneously through both depositories, with the process usually completed by 1:30 pm.

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NISM Series VII Mock Test 4