ACI
3I0-012 · Question #210
As regards controls, which of the following best practices for counterparty identification is incorrect?
The correct answer is B. The set up of settlement instructions and the confirmation method should be fixed when setting the. See the full explanation below for the reasoning.
Question
As regards controls, which of the following best practices for counterparty identification is incorrect?
Options
- AAmendments to customer standing data should be subject to 4 eyes control and only changed if the
- BThe set up of settlement instructions and the confirmation method should be fixed when setting the
- CNo trading should be done without first identifying and setting up the counterparty.
- DCounterparty identification and setup of settlement instructions should be completed in less than 2 working
How the community answered
(33 responses)- A6% (2)
- B79% (26)
- C12% (4)
- D3% (1)
Community Discussion
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