ACI
3I0-012 · Question #211
3I0-012 Question #211: Real Exam Question with Answer & Explanation
The correct answer is D. All market participants should use the Modified Following Business Day Convention.. See the full explanation below for the reasoning.
Question
What does the Model Code say concerning repos and stock-lending?
Options
- ALegal documentation must be put in place as soon as possible after transaction.
- BAll market participants should use the Modified Previous Business Day Convention.
- CThe exact maturity (end) dates for transactions must be agreed as soon as possible after a transaction.
- DAll market participants should use the Modified Following Business Day Convention.
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