Clearing & Settlement system

The process of delivering securities to the clearing corporation to effect settlement of a sale transaction is known as ______.

• Securities Pay out

• Funds Pay out

• Securities Pay in

• Funds Pay in

_________ are a key link between the clearing members and NSCCL for funds settlement.

• Depositories

• Clearing Members

• Clearing Banks

• Clearing Corporation

What is settlement cycle for Auction Settlement?

• T + 2 working days

• T + 2

• T + 3 working days

• T + 4 working days

NSCCL becomes the legal counterparty to the net settlement obligations of every member. This principle is called (a)   .

1.  Who allots ISINs for demat shares?

• SEBI

• NSDL

• RBI

• NSCCL

If the third character of the ISIN is mentioned as 'D' what does this denote ?               

• The issuer is company, statutory corporation, banking company

• The issuer is municipal corporation.

•        The issuer is state government.

• The issuer is union territories.

VaR margin is charged at differential rate on the ____________ position of the client in each security.

• Only sale

• Only buy

• Gross outstanding

• Net outstanding

What does eighth and ninth character of ISIN indicate?

• Country code

• Issue Type

• Security Type

• Check digits

Which of the following statements is true about Mark-to-mark margin?

• The M-T-M is collected from the members on an upfront basis.

• M-T-M margin is a single number representing information about risk in a portfolio.

• M-T-M is collected on the gross open position of the member.

• M-T-M is collected on the gross open position of the client.

Which of the following margins is collected on a real time basis?

• Initial margin

• Extreme loss margin

• VaR margin

• Mark-to-market margin