When Should Confirmations Be Sent Out

question 598

Multiple Choice

When should confirmations be sent out?

• A) one day after the deal is done
• B) within two hours of the trade being booked and as soon as technologically possible
• C) immediately after having received the confirmation of the counterparty
• D) no later than the value date of the first leg of the transaction

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Definitions:

Title

Legal right to the ownership of property or assets, including the evidence of such ownership.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/real estate, or intellectual property.

Store Open Hours

The schedule or times during which a retail business is open to the public for service or sales.

Personal Life

The aspects of an individual’s existence that pertain to their private, personal relationships, interests, and activities outside of their professional responsibilities.