ACI
3I0-012 · Question #393
Which of the following correctly states the Model Code's recommendations regarding terms and documentation?
The correct answer is C. Such documentation should be signed, in many cases before any applicable market transactions are. See the full explanation below for the reasoning.
Question
Which of the following correctly states the Model Code's recommendations regarding terms and documentation?
Options
- ASuch documentation should be bi-laterally signed by the dealers of both principals intending to transact
- BWhen using such agreements... the wording in the agreement must be changed to match the actual
- CSuch documentation should be signed, in many cases before any applicable market transactions are
- DFor instruments where standard terms do not exist, the Model Code recommends that no documentation
How the community answered
(37 responses)- A5% (2)
- B3% (1)
- C81% (30)
- D11% (4)
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