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ACI

3I0-012 · Question #566

Confirmations must be sent out

The correct answer is B. As quickly as possible after the deal is done. See the full explanation below for the reasoning.

Question

Confirmations must be sent out

Options

  • AImmediately after the deal is done.
  • BAs quickly as possible after the deal is done.
  • CBy electronic media only, e.g. fax, telex.
  • DNot later than the value date of the first leg of the transaction.

How the community answered

(58 responses)
  • A
    3% (2)
  • B
    72% (42)
  • C
    9% (5)
  • D
    16% (9)

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Full 3I0-012 Practice