NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Securities Market Segments
In the Indian securities market, which entity acts as the clearing corporation guaranteeing settlement of trades executed on the National Stock Exchange's equity cash segment?
NSCCL, the clearing corporation of NSE, guarantees settlement of NSE cash market trades by acting as central counterparty. Depositories like NSDL and CDSL only hold securities electronically, and ICCL serves BSE, so they do not play this role for NSE trades.
- ANational Securities Clearing Corporation Limited (NSCCL)Correct
- BCentral Depository Services (India) Limited
- CIndian Clearing Corporation Limited
- DNational Securities Depository Limited
Explanation
NSCCL is the clearing corporation of NSE and acts as central counterparty, guaranteeing settlement of trades. NSDL and CDSL are depositories that hold securities in electronic form and do not guarantee trades. ICCL is the clearing corporation for BSE, not NSE.
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