Series 7 Exam Question 140: Answer and Explanation

Question: 140

What is the settlement date for a corporate bond transaction?

• A. 1 business day after the trade date
• B. 2 business days after the trade date
• C. 3 business days after the trade date
• D. 10 business days after the trade date

Correct Answer: B

Explanation:

B. The settlement date for corporate stock and bond transactions is two business days after the trade date (T+2).