ACI
3I0-012 · Question #205
3I0-012 Question #205: Real Exam Question with Answer & Explanation
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Question
You and a dealer at another bank have a verbal bilateral reciprocal arrangement to quote each other two-way prices. During periods of high volatility, the other dealer refuses to quote to you. What does the Model Code say about this situation?
Options
- AThe other dealer is bound to reciprocate.
- BThis is not in any way an enforceable or binding commitment.
- CThe Model Code does not comment on dealing reciprocity.
- DIt is common market practice to suspend reciprocity in periods of high volatility.
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