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The Term "Under Reference" Refers To

Question 596

Multiple Choice

The term "under reference" refers to:


A) an unavailability of a credit limit for the counterparty
B) a qualification stating that a transaction needs to be reconfirmed
C) the unacceptability of the counterparty's name
D) a qualification stating that the rate quoted may no longer be valid and requires confirmation before any trades can be agreed

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