When a deal is done via a broker:

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Options

• Ait need not be confirmed between the counterparties as the broker confirms it immediately with both
• Bit should also be confirmed directly between the two counterparties
• Cit is important to note that broker confirmations are bilateral confirmations between the principals of the trade
• Dthe dealer should obtain acknowledgement that the deal has been agreed to but may assume agreement

• A
  3% (1)
• B
  74% (25)
• C
  9% (3)
• D
  15% (5)

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