ACI
3I0-013 · Question #46
You spot a rate discrepancy between you and your counterparty on a AUD/USD deal. The deal was traded direct. You refer the discrepancy to the dealer and he tells you to change the rate. What should…
The correct answer is C. Ask the dealer to manually amend the rate on the ticket and then pass it to the settlements. See the full explanation below for the reasoning.
Question
You spot a rate discrepancy between you and your counterparty on a AUD/USD deal. The deal was traded direct. You refer the discrepancy to the dealer and he tells you to change the rate. What should you do?
Options
- AAmend the rate yourself
- BAsk the settlements clerk to amend the rate for you
- CAsk the dealer to manually amend the rate on the ticket and then pass it to the settlements
- DMake no amendment
How the community answered
(44 responses)- A5% (2)
- B2% (1)
- C84% (37)
- D9% (4)
Community Discussion
No community discussion yet for this question.