ACI
3I0-012 · Question #673
Brokers should confirm all transactions:
The correct answer is D. To both counterparties immediately by fax or other acceptable electronic means. See the full explanation below for the reasoning.
Question
Brokers should confirm all transactions:
Options
- AInitially by fax or other acceptable electronic means, then in writing.
- BOnly if the deal is between overseas counterparties and for value today.
- COnly if the transaction is not for a marketable amount.
- DTo both counterparties immediately by fax or other acceptable electronic means.
How the community answered
(56 responses)- A9% (5)
- B4% (2)
- C16% (9)
- D71% (40)
Community Discussion
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