n NISM Certifications
VII NISM Series VII
Medium

Who assists the Clearing Corporation in the settlement of trades?

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

Options

  1. A

    The Clearing Banks

  2. B

    The Clearing Members

  3. C

    The Custodians

  4. All of the above

    Correct answer

Why this is the answer

Clearing members, banks, and custodians all assist the Clearing Corporation in completing trade settlements efficiently.

Test yourself for real

Take a full NISM Series VII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.

NISM Series VII Mock Test 3