ACI
3I0-012 · Question #663
The Committee for Professionalism strongly recommends intra-day oral deal checks to help reduce the number and size of differences, particularly when dealing through voice-brokers, for deals…
The correct answer is B. Be agreed between the parties. See the full explanation below for the reasoning.
Question
The Committee for Professionalism strongly recommends intra-day oral deal checks to help reduce the number and size of differences, particularly when dealing through voice-brokers, for deals involving foreign counterparties, in faster moving markets such as FX and when dealing in other instruments which have very short settlement periods. This checking should:
Options
- ABe carried out at least three times a day.
- BBe agreed between the parties.
- CBe done at the end of each day.
- DBe decided by the broker.
How the community answered
(66 responses)- A6% (4)
- B82% (54)
- C3% (2)
- D9% (6)
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