Confirmations Should Be Sent Out by Both Counterparties Through an Efficient

question 66

Multiple Choice

Confirmations should be sent out by both counterparties through an efficient and secure means of communication, preferably electronic:

• A) Within 24 hours of the deal.
• B) Within two business days of the deal.
• C) Before the value date.
• D) As soon as possible.

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Definitions:

Consensus-Making

The process of making decisions that are agreed upon by all members of a group.

Hierarchical Power-Sharing

A system of governance or organizational structure where power and authority are distributed according to levels of hierarchy but are shared among different ranks.

Prejudice

A preconceived opinion or judgment about someone or something that is not based on reason or actual experience, often negatively biased.

Gig Economy

A labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs, often facilitated by digital platforms.