ACI
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)- A74% (28)
- B5% (2)
- C8% (3)
- D13% (5)
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