Series 52: Exercise

Exercise

Choose the correct answer

1. 1. Customer trade confirmations must be provided to customers:
2. A. Before the settlement date
3. B. On the trade date
4. C. At or before the settlement date
5. D. One business day after the trade date
6. 2. For a principal transaction, what additional piece of information may need to be included on the customer trade confirmation?
7. A. Accrued interest
8. B. Mark-up or mark-down
9. C. Settlement date
10. D. Yield

Answers

1. 1. C. Customer trade confirmations must be provided either at or before settlement date, which is also the completion of the transaction.
2. 2. B. Depending on the circumstance, broker-dealers may be required to disclose mark-ups or mark-downs on transactio