n NISM Certifications
VII NISM Series VII
Medium

The process of bringing in the money or securities by the broker to the Clearing Corporation is called ______.

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

Options

  1. A

    Money-in

  2. B

    Paid-in

  3. Pay-in

    Correct answer

  4. D

    Pay-out

Why this is the answer

Pay-in is when brokers or custodians deposit money or securities with the Clearing Corporation. Pay-out is the subsequent delivery of money or securities from the Clearing Corporation to brokers or custodians.

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