n NISM Certifications
VII NISM Series VII
Medium

What is the process called when additional information is added to an instruction for an already executed trade?

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Trade Alteration

  2. B

    Trade Enhancement

  3. Trade Enrichment

    Correct answer

  4. D

    Trade Modification

Why this is the answer

Trade enrichment adds necessary information to an executed trade to facilitate clearing of futures, options, or cash securities. This process occurs automatically post-trade.

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