DTC - the central securities depository for US equities is the abbreviation for:

• A.Depot Transaction
• B.Deposit and Trade Conglomerate
• C.Depot for Trades Corporation
• D.Depository Trust Company

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From the perspective of one party to a securities trade, Free of Payment settlement without risk means:

• A.Delivering an asset to the counterparty following successful exchange of trade confirmations
• B.Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty
• C.Receiving the counterparty's asset before instructing release of the contra asset
• D.Simultaneously exchanging securities and cash with the counterparty

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A S.W.I.FT. 'Bank Identifier Code' comprises::

• A.A region code, a country code and a city code
• B.A continent code, a country code and a municipality code
• C.A bank code, a country code and a location code
• D.A bank code, a continent code and a currency code

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Thefollowing is an inaccurate statement:

• A.Warrants are exercisable by the warrant holder
• B.Warrants are detachable from the original security
• C.Warrants will expire if not exercised by the expiry date
• D.Warrants have a variable exercise price

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The date on which a securities trade is intended to settle is:

• A.The contractual trade date
• B.The value date
• C.The trade date
• D.The actual settlement date

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