ACI
3I0-012 · Question #520
In case of a default on a repo by the seller:
The correct answer is A. The buyer can liquidate the collateral. See the full explanation below for the reasoning.
Question
In case of a default on a repo by the seller:
Options
- AThe buyer can liquidate the collateral
- BThe buyer has to liquidate the collateral
- CThe buyer cannot liquidate the collateral until the seller is declared insolvent
- DA court is appointed to decide what happens to the collateral
How the community answered
(34 responses)- A71% (24)
- B6% (2)
- C9% (3)
- D15% (5)
Community Discussion
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