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ACI

3I0-012 · Question #319

Which of the following statements is true? The repo legal agreement between the two parties concerned should:

The correct answer is A. detail the rights of counterparties regarding the substitution of collateral. See the full explanation below for the reasoning.

Question

Which of the following statements is true? The repo legal agreement between the two parties concerned should:

Options

  • Adetail the rights of counterparties regarding the substitution of collateral
  • Binclude named securities permitted to be traded
  • Cbe bi-laterally signed by both dealers involved in any transaction
  • Dneed not be in place before any deals are executed or finalized

How the community answered

(32 responses)
  • A
    84% (27)
  • B
    3% (1)
  • C
    9% (3)
  • D
    3% (1)

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Full 3I0-012 Practice