A Prime Broker May Not Reject a Trade Given Up

question 505

Multiple Choice

A prime broker may not reject a trade given up if:

• A) the trade is not within the specified tenor limits
• B) the trade is not within the specified credit limits
• C) the trade details provided by the executing dealer and the client match
• D) the trade is a permitted transaction type as specified in the give-up agreement with the executing dealer

---

Definitions:

Remain Silent

A sales technique where the seller stops talking to give the potential buyer time to think or react, often after asking a question or making a proposal.

Technologically Complex

Refers to products, systems, or processes that employ advanced technology and are characterized by intricate features and components.

Negotiation Phase

The stage in a sales or business deal where parties discuss terms and work towards an agreement.