IIA
IIA-CFSA · Question #168
Banks generally record securities transactions as of trade date. However, it is acceptable to record the transactions as of the _________ if the difference between the settlement date and trade date…
The correct answer is B. Settlement date. See the full explanation below for the reasoning.
Question
Banks generally record securities transactions as of trade date. However, it is acceptable to record the transactions as of the _________ if the difference between the settlement date and trade date is not materially different.
Options
- AMarket closing date
- BSettlement date
- CA day before the closing date
- DNone of these
How the community answered
(16 responses)- A13% (2)
- B75% (12)
- C6% (1)
- D6% (1)
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