Which one of the following types of credit may be extended in Requirements case-12 CFR 221.3, 221.7:
Which one of the following types of credit may be extended in Requirements case-12 CFR 221.3, 221.7:
According to 12 CFR 221.3 and 221.7, both temporary advances in payment against delivery transactions and underwriter loans are types of credit that may be extended. Temporary advances involve short-term financing to facilitate the delivery of securities, while underwriter loans are commonly used to finance the purchase of securities by underwriters.
Temporary advances in payment against delivery transactions are a type of credit that may be extended under the requirements outlined in 12 CFR 221.3 and 221.7. These transactions involve providing short-term financing to facilitate the delivery of securities in securities transactions.
Page 76 clearly lists both, A &D. However, we need to pick one. Not sure what to do in cases like this. I have a list of questions already where I have this same scenario.