ACI
3I0-012 · Question #578
Confirmations should be sent out by both counterparties through an efficient and secure means of communication, preferably electronic:
The correct answer is D. As soon as possible. See the full explanation below for the reasoning.
Question
Confirmations should be sent out by both counterparties through an efficient and secure means of communication, preferably electronic:
Options
- AWithin 24 hours of the deal.
- BWithin two business days of the deal.
- CBefore the value date.
- DAs soon as possible.
How the community answered
(30 responses)- A3% (1)
- B10% (3)
- C17% (5)
- D70% (21)
Community Discussion
No community discussion yet for this question.