ACI Dealing Certificate 3I0-012 Question # 298 Topic 8 Discussion

ACI Dealing Certificate 3I0-012 Question # 298 Topic 8 Discussion

3I0-012 Exam Topic 8 Question 298 Discussion:
Question #: 298
Topic #: 8

Where sale and repurchase agreements or stock borrowing or lending transactions are entered into:


A.

screen services, brokers and other third party providers can all be useful sources of data


B.

For periods less than one month, the maturity date will be the first date that is a business day that is within one, seven, fourteen days from the value date, but when near the month end must never be a date in the next calendar month


C.

Inter-dealer brokers or the automated trading system need not be notified when participants attempt to utilize odd settlement dates


D.

It is not recommended that legal opinion should be obtained on the enforceability of the contract


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