ACI
3I0-012 · Question #618
In spite of having agreed to a deal, dealers are not bound to the deal if it is subject to documentation. The Model Code:
The correct answer is A. Does not regard this as a good practice. See the full explanation below for the reasoning.
Question
In spite of having agreed to a deal, dealers are not bound to the deal if it is subject to documentation. The Model Code:
Options
- ADoes not regard this as a good practice.
- BUrge dealers to be bear this in mind, as this is common practice for capital market deals.
- CDoes not comment on this matter.
- DRecommends that national ACI Associations deal with this according to their local customs.
How the community answered
(50 responses)- A74% (37)
- B2% (1)
- C16% (8)
- D8% (4)
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