n NISM Certifications
VII NISM Series VII
Medium

When securities are transferred person-to-person without the Clearing Corporation, the transactions are called ______.

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

Options

  1. Off-Market transactions

    Correct answer

  2. B

    Exchange-Traded transactions

  3. C

    Private transactions

  4. D

    On-Market transactions

Why this is the answer

Off-market transactions occur directly between parties, using a physical or electronic Delivery Instruction Slip (DIS) to effect transfer.

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