Corrections must be made on the day the transaction was executed and one business day thereafter.

Corrections must be made on the day the transaction was executed and one business day thereafter.

• A. Corrections must include the reference for the original trade (original Trade Match ID)
• B. Corrections may only be reported once for each side
• C. Corrections must be made on the day the transaction was executed and one business day thereafter
• D. SIX Swiss Exchange may make corrections on behalf of a participant

Answer: (C)

The timing window for correcting trade details is what this item tests. Corrections to a trade must be made on the day the transaction was executed and, if needed, by the next business day to keep post-trade records accurate for clearing and settlement. This tight window helps prevent mismatches from propagating and gives both sides a prompt chance to agree on the corrected information before the settlement process moves forward. The other statements describe procedural details or authority that aren’t about when corrections must occur: while including a reference to the original trade can be part of a correction, it doesn’t define the timing; corrections aren’t typically limited to a single attempt per side; and SIX Swiss Exchange generally doesn’t unilaterally make corrections on behalf of a participant.

The timing window for correcting trade details is what this item tests. Corrections to a trade must be made on the day the transaction was executed and, if needed, by the next business day to keep post-trade records accurate for clearing and settlement. This tight window helps prevent mismatches from propagating and gives both sides a prompt chance to agree on the corrected information before the settlement process moves forward.

The other statements describe procedural details or authority that aren’t about when corrections must occur: while including a reference to the original trade can be part of a correction, it doesn’t define the timing; corrections aren’t typically limited to a single attempt per side; and SIX Swiss Exchange generally doesn’t unilaterally make corrections on behalf of a participant.