5 Questions
According to the SEBI Circular mentioned, Cash, Fixed Deposits (FDs), Bank Guarantees (BGs), and Government Securities are the only forms of collateral that can be deposited.
False
Clearing Members are not required to allocate collateral placed with NSE Clearing Ltd. to the clients.
False
Client ID POZ711 has been allocated a cash component under Clearing Member ZERODHA BROKING LIMITED.
True
The SEBI Circular mentioned specifies that collateral can only be allocated segment-wise to the proprietary account of the Clearing Member.
False
Custodial Participants (CPs) are not considered as part of the clients for collateral allocation according to the SEBI Circular.
False
This quiz covers the SEBI Circular dated July 20, 2021, regarding the allocation of collateral such as cash, FDs, BGs, or Government Securities in proprietary accounts of clearing members, trading members, and clients. Test your knowledge on collateral deposit processes as per the SEBI regulations.
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