ACI
3I0-012 · Question #64
What ought to be done in the event a trade erroneously occurs at an off-market rate?
The correct answer is B. By agreement between the two counterparts, the trade should, as soon as practically possible, either be. See the full explanation below for the reasoning.
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
How the community answered
(41 responses)- A2% (1)
- B76% (31)
- C10% (4)
- D12% (5)
Community Discussion
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