CISI Global Securities Operations Practice Questions - CISI Global Securities Operations (Investment Operations Certificate Unit) Exam

What is the primary purpose of trade confirmation and affirmation in the post-trade process?

To net offsetting positions for settlement To transfer legal title of the securities To agree the economic details of the trade between counterparties before settlement To calculate withholding tax on income

Correct Answer:

To agree the economic details of the trade between counterparties before settlement

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