n NISM Certifications
NSM General NISM
Medium

Who serves as the central counterparty for USDINR futures trades in India?

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

Options

  1. The Clearing Corporation

    Correct answer

  2. B

    SEBI

  3. C

    The Currency Exchange in which the future transaction was executed

  4. D

    The Currency Broker who executed the trade

Why this is the answer

The Clearing Corporation ensures the settlement of trades by acting as a counterparty to both buyer and seller, reducing counterparty risk.

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