Canadian Securities Course (CSC) Practice Exam

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What document does a dealer send to the client when a transaction is made?

Two main types of derivatives
Buy-in
Confirmation
Foreign-pay preferreds

The correct answer is: Confirmation

A Two main types of derivatives refers to a type of financial instrument, and has no relation to a document sent by a dealer to a client. B: Buy-in refers to the process of a broker purchasing a security for a client if the original seller fails to deliver. This does not involve a document sent by the dealer to the client. D: Foreign-pay preferreds are a type of investment, and do not relate to a document sent by a dealer to a client. Confirmation is the document that a dealer sends to a client after a transaction is made. This document serves as a record of the transaction and includes details such as the security, quantity, price, and settlement date. It is important for the client to review and keep this document for their records.