n NISM Certifications
XIII NISM Series XIII
Medium

When securities are delivered short, the auction is conducted on _________.

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

Options

  1. A

    First business day after the day of intention

  2. B

    Second business day after the day of intention

  3. On the settlement day

    Correct answer

  4. D

    Seven days after the day of intention

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

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