ACI
3I0-012 · Question #402
A prime broker may not reject a trade given up if:
The correct answer is D. the trade is a permitted transaction type as specified in the give-up agreement with the executing dealer. See the full explanation below for the reasoning.
Question
A prime broker may not reject a trade given up if:
Options
- Athe trade is not within the specified tenor limits
- Bthe trade is not within the specified credit limits
- Cthe trade details provided by the executing dealer and the client match
- Dthe trade is a permitted transaction type as specified in the give-up agreement with the executing dealer
How the community answered
(64 responses)- A9% (6)
- B3% (2)
- C5% (3)
- D83% (53)
Community Discussion
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