The term "under reference" refers to:
A) an unavailability of a credit limit for the counterparty
B) a qualification stating that a transaction needs to be reconfirmed
C) the unacceptability of the counterparty's name
D) a qualification stating that the rate quoted may no longer be valid and requires confirmation before any trades can be agreed

Question

Quizplus · Accepted Answer

"Under reference" means that the rate quoted may no longer be valid and requires confirmation before any trades can be agreed. This is typically used in the context of a financial transaction where market conditions or other factors may have changed since the initial rate was quoted.

The Term "Under Reference" Refers To