Q12 Which of the following is correct in a regular way purchase (or sale) of a financial asset? Select one or more: a. The trade date should always coincide with the settlement date. b. Settlement should be effected within seven workings days always c. Purchasing and selling of securities should be done according to the terms and conditions stipulated by the traders. d. The asset should be delivered within the time frame established generally by regulation or convention in the marketplace concerned.
Q12 Which of the following is correct in a regular way purchase (or sale) of a financial asset? Select one or more: a. The trade date should always coincide with the settlement date. b. Settlement should be effected within seven workings days always c. Purchasing and selling of securities should be done according to the terms and conditions stipulated by the traders. d. The asset should be delivered within the time frame established generally by regulation or convention in the marketplace concerned.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q12
Which of the following is correct in a regular way purchase (or sale) of a financial asset?
Select one or more:
a. The trade date should always coincide with the settlement date.
b. Settlement should be effected within seven workings days always
c. Purchasing and selling of securities should be done according to the terms and conditions stipulated by the traders.
d. The asset should be delivered within the time frame established generally by regulation or convention in the marketplace concerned.
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