n NISM Certifications
VII NISM Series VII
Medium

When trades are settled by custodians, the credit of securities/funds to the client's account happens on ______ day.

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

Options

  1. A

    T+3

  2. B

    T+2

  3. T+1 / T+2

    Correct answer

  4. D

    T+4

Why this is the answer

Custodian-settled trades for institutional clients typically follow T+1 rolling settlement, with funds or securities credited to client accounts on T+1 or T+2.

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NISM Series VII Mock Test 4