ACI
3I0-012 · Question #509
What does the Model Code recommend with regard to any give-up agreement between a prime broker and an executing dealer?
The correct answer is A. That the Master FX Give-Up Agreement (FMLG - New York FED FXC) published by the Foreign. See the full explanation below for the reasoning.
Question
What does the Model Code recommend with regard to any give-up agreement between a prime broker and an executing dealer?
Options
- AThat the Master FX Give-Up Agreement (FMLG - New York FED FXC) published by the Foreign
- BThat this agreement need not specify the permitted transaction types, tenors or credit limits.
- CThat this agreement must include instructions that the prime broker must advise the executing dealer
- DThat this agreement should not involve any requirement for the executing dealer to inform the prime
How the community answered
(64 responses)- A80% (51)
- B11% (7)
- C6% (4)
- D3% (2)
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