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:

Peer Group Influence

The impact that a group of individuals of similar age, background, or social status can have on an individual's behavior, attitudes, and values.

Coercive Power

Coercive power is the capability to force someone to do something against their will, often through threats or punishment.

Sanctions

Measures taken by countries or international bodies to enforce international laws or norms, often through economic restrictions or penalties.

Punishments

Punishments entail the imposition of a penalty or negative consequence on an individual or group in response to undesirable behavior, aiming to deter such actions in the future.