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The use of standard settlement instructions (SSI’s) is strongly encouraged because:

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The use of standard settlement instructions (SSI’s) is strongly encouraged because:

A.

A dealer does not need to confirm payment details by phone

B.

It splits differences arising from failed settlements between the two counterparties

C.

It eliminates the need to send out SWIFT payment authorizations on a case-by-case basis

D.

It avoids having to confirm each deal separately

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