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

Question

Quizplus · Accepted Answer

Confirmations should be sent out within two hours of the trade being booked and as soon as technologically possible to ensure timely delivery and accuracy of trade details. Waiting until the value date or relying on receiving a confirmation from the counterparty may result in delays or errors.

When Should Confirmations Be Sent Out