n NISM Certifications
VII NISM Series VII
Medium

Trading members reconcile data from the clearing corporation using their ______ system.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Front Office

  2. Back Office

    Correct answer

  3. C

    Tally Accounting

  4. D

    None of the above

Why this is the answer

Trading members use their back-office systems to reconcile trade and settlement data from the clearing corporation. Clearing and settlement activities fall under back-office operations.

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