ACI
3I0-012 · Question #324
What needs to be done in the event that a trade is amended by one or both parties?
The correct answer is C. A new confirmation should be generated and the confirmation cycle should restart and continue until the. See the full explanation below for the reasoning.
Question
What needs to be done in the event that a trade is amended by one or both parties?
Options
- AA new confirmation should be generated by both parties but there is no need to restart the confirmation cycle.
- BThe amending party should verbally inform the other party.
- CA new confirmation should be generated and the confirmation cycle should restart and continue until the
- DA new confirmation need not be generated but the confirmation cycle must restart and continue until the
How the community answered
(23 responses)- A9% (2)
- B4% (1)
- C70% (16)
- D17% (4)
Community Discussion
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