The Model Code Is Clear on "Position Parking

question 100

Multiple Choice

The Model Code is clear on "position parking". What does it say?

• A) The parking of deals or positions with any counterparty is discouraged
• B) The parking of deals or positions with any counterparty should be forbidden
• C) The parking of deals or positions should be subject to a clear policy laid down in writing by senior management
• D) In jurisdictions where position parking is allowed, prior approval should be sought from the regulator

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Definitions:

Urine Volume

The total amount of urine excreted by the kidneys over a given period, important in assessing kidney function and fluid balance.

Medullary Concentration Gradient

A gradient responsible for the osmoregulation in the kidneys, allowing for the concentration or dilution of urine.

Kidney

An organ in vertebrates that filters waste from the blood, regulates body fluids, and excretes urine.

Urine Concentration

The process by which the kidneys regulate the water content and solute composition of the urine.