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3I0-012 · Question #581

You quote a price to a broker on EUR 100 million. Your price is hit for EUR 50 million. What does the Model Code say about this situation?

The correct answer is A. You have a right to qualify your quotes in terms of amounts, if you do so when you make the price. See the full explanation below for the reasoning.

Question

You quote a price to a broker on EUR 100 million. Your price is hit for EUR 50 million. What does the Model Code say about this situation?

Options

  • AYou have a right to qualify your quotes in terms of amounts, if you do so when you make the price.
  • BYou have a right to qualify your quotes in terms of amounts, provided the amounts are marketable.
  • CYou have a right to qualify your quotes in terms of amounts, once you have discovered the name of the
  • DYou have a right to qualify your quotes in terms of amounts.

How the community answered

(38 responses)
  • A
    74% (28)
  • B
    5% (2)
  • C
    8% (3)
  • D
    13% (5)

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