What Needs to Be Done in the Event That a Trade

question 115

Multiple Choice

What needs to be done in the event that a trade is amended by one or both parties?

• A) A new confirmation should be generated by both parties but there is no need to restart the confirmation cycle.
• B) The amending party should verbally inform the other party.
• C) A new confirmation should be generated and the confirmation cycle should restart and continue until the trade is completely matched by both parties.
• D) A new confirmation need not be generated but the confirmation cycle must restart and continue until the trade is completely matched by both parties.

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Definitions:

Tertiary Data

Information that has been collected and processed from secondary sources rather than obtained directly from original sources.

Secondary Data

Information that has been collected previously by someone else, used for research purposes other than the original intent.

Restaurant Industry

The sector of the economy that encompasses businesses focused on preparing and serving food and beverages to customers.

Primary Data

Original and firsthand data collected directly by the researcher for a specific purpose.