The term "under reference" refers to:
A) An unavailability of credit limit for the counterp
B) The need to reconfirm a transaction.
C) The unacceptability of the counterparty's name.
D) The rate quoted is going to be revised.

Question

Quizplus · Accepted Answer

"Under reference" means that a transaction or credit line requires further confirmation or verification. This could be due to various reasons, such as a discrepancy in information provided by the counterparty, the need for additional documentation, or simply for risk management purposes.

The Term "Under Reference" Refers To