FINRA Uniform Securities State Law Examination Series-63 Question # 44 Topic 5 Discussion
Series-63 Exam Topic 5 Question 44 Discussion:
Question #: 44
Topic #: 5
“T + 3” refers to
A.
the form, also known as a “trade ticket,” that is filled out when an order is entered into the market.
B.
the form that is filled out and sent to the client confirming that the trade has been executed.
C.
the fact that the settlement date will be three business days after the trade date, which is the “regular way settlement” for transactions involving stocks and corporate and municipal bonds.
D.
a procedure to minimize the potential for money laundering.
“T + 3” is an abbreviation indicating that the settlement date will be three business days after the trade date, which is the “regular way settlement” for transactions involving stocks and corporate and municipal bonds.
Contribute your Thoughts:
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit