ACI
3I0-012 · Question #64
3I0-012 Question #64: Real Exam Question with Answer & Explanation
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Question
What ought to be done in the event a trade erroneously occurs at an off-market rate?
Options
- ABy agreement between the two counterparties, the trade must be cancelled as soon as practically possible
- BBy agreement between the two counterparts, the trade should, as soon as practically possible, either be
- CThe off-market rate should be adjusted as soon as possible to the appropriate current market rate and a
- DNothing need be done, since once a trade is agreed to by the front office it is a binding agreement for both
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