SIE Understanding Trading, Customer Accounts and Prohibited Activities Question 5: Answer and Explanation

Question: 5

What is the payment date for regular way settlement on corporate stock, corporate bonds, and municipal funds specified by MSRB rule G-15?

• A. S+4
• B. T+4
• C. T
• D. T+2

Correct Answer: B

Explanation:

B: Choice B properly indicates payment date for corporate stock, corporate bonds, and municipal funds specified by MSRB rule G-15 as T+4, which is equal to S+2, since the settlement date is T+4. Choices A, C, and D are incorrect.