1. Business
  2. Finance
  3. a security borrowing agreement takes place at t1 followed by...

Question: a security borrowing agreement takes place at t1 followed by...

Question details

A security borrowing agreement takes place at T+1 followed by a sell order/match of the security at T+4.

Which of the following statements is CORRECT?

The borrower becomes the official owner of the security at    _____________    and  at the time of the sale order, the sale is a __________________.

 

A.

T+2; naked short sale

B.

T+ 3; ordinary sale

C.

T+3 ; covered short sale

D.

T+6; ordinary sale

E.

T+1; covered short sale

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution