The Use of Standard Settlement Instructions (SSI's) Is Strongly Encouraged

question 579

Multiple Choice

The use of standard settlement instructions (SSI's) is strongly encouraged because:

• A) it reduces operational risk
• B) it splits differences arising from failed settlement between the two counterparties
• C) it removes the need for sending out SWIFT confirmations
• D) the use of SSI's secures the trading on more secure platforms

Learn how physical environment and information dependence affect team functionality.

Describe the characteristics and operational dynamics of virtual teams.

Grasp the consequences of virtual distance on communication effectiveness.

Acknowledge the impact of first impressions and reputations in virtual settings.

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Definitions:

Unit Sales

The total number of individual items or units sold by a company in a specific period.

Absorption Costing

A financial recording approach that encompasses all production expenses, including direct materials, direct labor, and overhead costs, both variable and fixed, in the pricing of a product.

Income Statement

The income statement is a financial report that shows a company's revenues, expenses, and profits over a specific period, highlighting its financial performance.

Contribution Format

An income statement format that separates fixed and variable costs, highlighting the contribution margin of a company's products or services.