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

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Definitions:

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A consumer who purchases products or services via the internet.