n NISM Certifications
VII NISM Series VII
Medium

Which accounts are used to receive shares from selling clients and deliver shares to buying clients during clearing and settlement?

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Pool Accounts

    Correct answer

  2. B

    Special Accounts

  3. C

    Delivery Accounts

  4. D

    Common Accounts

Why this is the answer

Clearing members use settlement pool accounts to receive securities from sellers and deliver to buyers. These accounts facilitate smooth transfer during clearing.

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