An exchange ticket transaction must be voided in the GDS by:

An exchange ticket transaction must be voided in the GDS by:

• A. 11:59 PM local time, the next business day
• B. 11:59 PM ET, the next business day
• C. 5:00 PM local time, the same day
• D. 11:59 PM local time, the next two business days

Answer: (A)

Void timing for an exchange in the GDS is based on the agency’s local time and follows the next business day. The exchange ticket must be voided by 11:59 PM local time on the next business day. This keeps the void within the standard processing and settlement cycle used by ARC, preventing the transaction from lingering in an unsettled state or requiring a later reissue. Using a different time zone (for example, ET) isn’t applicable here because the rule uses the agency’s local clock. A same-day deadline wouldn’t align with typical processing windows, and extending to two business days goes beyond the allowed void window.

Void timing for an exchange in the GDS is based on the agency’s local time and follows the next business day. The exchange ticket must be voided by 11:59 PM local time on the next business day. This keeps the void within the standard processing and settlement cycle used by ARC, preventing the transaction from lingering in an unsettled state or requiring a later reissue. Using a different time zone (for example, ET) isn’t applicable here because the rule uses the agency’s local clock. A same-day deadline wouldn’t align with typical processing windows, and extending to two business days goes beyond the allowed void window.