Which of the following duties is not performed by the clearinghouse?
A)holding margin deposits
B)guaranteeing performance of buyer and writer
C)maintaining records of transactions
D)lending money to meet margin requirements
E)none of the above

Question

Quizplus · Accepted Answer

The clearinghouse does not lend money to meet margin requirements. This responsibility lies with the broker-dealer or other financial institutions. The other duties listed, such as holding margin deposits, guaranteeing performance, and maintaining records, are responsibilities of the clearinghouse.

Which of the Following Duties Is Not Performed by the Clearinghouse