CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

Cash settlement is used for many money market trades. It is made on the ______.
A. trade date
B. trade date + one day
C. trade date + three days
Explanation: Trading and settlement take place on the same day.

User Contributed Comments 1

User Comment
Otakuziev The fixed- income securities covered so far have been cash market securities.
Money market securities often are settled on a “same day,” or “cash settlement,” basis.
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