n NISM Certifications
NSM General NISM
Medium

When a client defaults on daily settlement payments, the unpaid amount is adjusted against which of the following?

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

Options

  1. A

    Bank fixed deposits of the client

  2. B

    PPF balance of the client

  3. Initial margin paid by the client

    Correct answer

  4. D

    Shares deposited with the broker

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

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