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ACI

3I0-012 · Question #364

Once a prime-broker has matched and accepted a trade, separate confirmations must be exchanged between:

The correct answer is C. the prime-broker and the executing dealer, and between the prime-broker and the client. See the full explanation below for the reasoning.

Question

Once a prime-broker has matched and accepted a trade, separate confirmations must be exchanged between:

Options

  • Athe prime-broker and the executing dealer only
  • Bthe prime-broker and the executing dealer, and between the executing dealer and the client
  • Cthe prime-broker and the executing dealer, and between the prime-broker and the client
  • Dthe prime-broker and the client, and between the executing dealer and the client

How the community answered

(25 responses)
  • A
    4% (1)
  • B
    12% (3)
  • C
    80% (20)
  • D
    4% (1)

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