Question

Which condition must be met by custodian banks to issue

Q: Which condition must be met by custodian banks to issue IPCs, according to the revised RBI guideline

CustodianbanksareallowedtoissueIPCsonlyiftheyhaveagreementsthatgivethemaninalienablerightoverclientsecuritiesforpayoutunlessthetransactionsareprefunded

IPCs, according to the revised RBI guidelines?

A Custodian banks must have an agreement providing an inalienable right over client securities.

B All transactions must be pre-funded by the clients.

C Only banks with existing nostro accounts can issue IPCs.

D Banks must have a minimum capital reserve specified by the RBI.

E IPCs can be issued only if the securities involved are equity-based.

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RBI Grade B

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Which condition must be met by custodian banks to issue

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