Question

What does the term "clearing corporation" refer to as per the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018?

A An entity established to provide financial advice and investment planning services
B An entity established to facilitate the initial public offering of securities
C An entity established to undertake the activity of clearing and settlement of trades in securities or other instruments traded on a recognized stock exchange
D An entity established to regulate the activities of brokers and dealers in the securities market
E An entity established to offer insurance and risk management services for financial transactions
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