Ex Clearing Trades Flashcards
1
Q
Interdealer paper confirmations must be sent no later than
A
t+1
2
Q
When one party to a trade (the confirming member) sends a confirmation but does not receive one in return, the confirming member must send a don’t know (DK) notice to the nonconfirming member after
A
Four business days from trade date…this may be 3 days
3
Q
After receipt of the DK notice, the nonconfirming member has how long to either confirm or DK the trade.
A
four business days
