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Basic Question 5 of 5
How many days are required for clearing and settlement by derivative exchanges for exchange-traded derivatives contracts?
B. Both clearing and settlement take two days.
C. Both clearing and settlement happen overnight.
A. The clearing happens overnight and it takes two days for settlement
B. Both clearing and settlement take two days.
C. Both clearing and settlement happen overnight.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe the basic features of derivative markets, and contrast over-the-counter and exchange-traded derivative markets
CFA® 2025 Level I Curriculum, Volume 5, Module 1.