10 free CTP practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
CTP Practice Test 13Tutor mode
Question 1 of 10
Monitor and control corporate exposure to financial, regulatory and operational risk (including emerging and reputational risk)
Gilchrist Software's quarterly compliance review finds that a commercial paper issuer it holds was downgraded to A2/P2 last week, below the investment policy's A1/P1 minimum. The paper matures in 45 days, and the policy says nothing about downgrades after purchase. What should treasury do FIRST?