ACI
3I0-012 · Question #515
3I0-012 Question #515: Real Exam Question with Answer & Explanation
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Question
In spite of having agreed to a deal, dealers are not bound to its terms if it is "subject to documentation". What position does the Model Code take with regard to this practice?
Options
- AThe practice of making a transaction subject to documentation is not regarded as good practice.
- BIt urges dealers to be bear in mind that this is a common practice for capital market deals.
- CThe Model Code does not comment on the matter.
- DIt recommends that national ACI Associations deal with this issue according to their local customs.
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