ACI
3I0-012 · Question #307
Which of the following statements about requirements for limit setting is correct?
The correct answer is B. In the case of trading transactions, counterparty and issuer limits are to be set by the credit committee. See the full explanation below for the reasoning.
Question
Which of the following statements about requirements for limit setting is correct?
Options
- AIn the case of trading transactions, counterparty limits are to be set by the front office and issuer limits
- BIn the case of trading transactions, counterparty and issuer limits are to be set by the credit committee
- CIn the case of trading transactions, counterparty limits are to be set by a front office vote and market risk
- DIn the case of trading transactions, counterparty limits and issuer limits are to be set by the front office
How the community answered
(43 responses)- A7% (3)
- B77% (33)
- C2% (1)
- D14% (6)
Community Discussion
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