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3I0-013 · Question #178

You receive a trade to process with counterparty settlement instructions that differ from those you hold on your standard settlement instruction file (SSI).

The correct answer is C. You should check the SSI with your dealer and contact the counterparty to seek his specific. See the full explanation below for the reasoning.

Question

You receive a trade to process with counterparty settlement instructions that differ from those you hold on your standard settlement instruction file (SSI).

Options

  • AYou should make the payment in accordance with the SSI you are holding without referring to
  • BYou should make the payment in accordance with the trade instructions
  • CYou should check the SSI with your dealer and contact the counterparty to seek his specific
  • DYou should not make the payment

How the community answered

(36 responses)
  • A
    8% (3)
  • B
    3% (1)
  • C
    72% (26)
  • D
    17% (6)

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