Exit SOFQ Securities Operations Foundation Qualification (SOFQ)
Question 2 of 5
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Q2 Single choice

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

  • A

    Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty

  • B

    Simultaneously exchanging securities and cash with the counterparty

  • C

    Delivering an asset to the counterparty following successful exchange of trade confirmations

  • D

    Receiving the counterparty's asset before instructing release of the contra asset

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