NISM Series II-B (RTA Mutual Fund) Practice Questions - NISM-Series-II-B Registrars And Transfer Agents (Mutual Fund) Certification Examination Exam

What is the primary role of a Clearing Corporation in the securities market settlement process?

To act as a central counterparty, guaranteeing the settlement of all executed trades. To on-board clients and perform their KYC verification. To provide trading terminals and maintain order matching engines. To hold the physical share certificates of listed companies in safe custody.

Correct Answer:

To act as a central counterparty, guaranteeing the settlement of all executed trades.

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