Series 7 - General Securities Representative Exam

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Which of the following would not be included on a when-issued confirmation?

Accrued Interest, Trade Date, Total Amount Payable
A
Accrued Interest, Settlement Date, Total Amount Payable
B
Trade Date, Settlement Date, Total Amount Payable
C
Accrued Interest, Trade Date, Settlement Date, Total Amount Payable
D
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Explanations

WI transactions are usually in new issues that are authorized; but not issued. Since they are not issued yet, we wouldn't know the settlement date. Without the settlement date, we can't calculate interest and therefore cannot figure out the total amount payable.

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