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Exam Series 63 All Questions

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Exam Series 63 topic 1 question 147 discussion

Actual exam question from FINRA's Series 63
Question #: 147
Topic #: 1
[All Series 63 Questions]

"T + 3" refers to

  • A. the form, also known as a "trade ticket," that is filled out when an order is entered into the market.
  • B. the form that is filled out and sent to the client confirming that the trade has been executed.
  • C. the fact that the settlement date will be three business days after the trade date, which is the "regular way settlement" for transactions involving stocks and corporate and municipal bonds.
  • D. a procedure to minimize the potential for money laundering.
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Suggested Answer: C 🗳️
"T + 3" is an abbreviation indicating that the settlement date will be three business days after the trade date, which is the "regular way settlement" for transactions involving stocks and corporate and municipal bonds.

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jaytic
3 years, 7 months ago
Yes this is T+2, the regular way not T+3
upvoted 1 times
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MetteH
4 years ago
T+2 now, isn't it?
upvoted 1 times
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