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IIA

IIA-CFSA · Question #481

Adequate procedures and controls associated with swap transactions should exist to help minimize the risks inherent in transaction process. Example/s of these controls may include:

The correct answer is D. All of these. See the full explanation below for the reasoning.

Question

Adequate procedures and controls associated with swap transactions should exist to help minimize the risks inherent in transaction process. Example/s of these controls may include:

Options

  • AA daily reconciliation of traders' positions should be performed
  • BTo minimize market risk in hedge transactions:
  • CAll transactions should be authorized and affirmed
  • DAll of these

How the community answered

(24 responses)
  • A
    8% (2)
  • B
    4% (1)
  • C
    17% (4)
  • D
    71% (17)

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