n NISM Certifications
NSM General NISM
Medium

Which best describes the rule for reporting closing of a position by a trading member (TM)?

Practice question from NISM Series I - Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    TM identifies position (own/client) at end of day

  2. TM identifies position (own/client) when initiating the position

    Correct answer

  3. C

    TM can choose to identify position or leave it

  4. D

    TM identifies position (own/client) at closing of position

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

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