What Does the Model Code Recommend with Regard to Any

question 591

Multiple Choice

What does the Model Code recommend with regard to any give-up agreement between a prime broker and an executing dealer?

• A) That the Master FX Give-Up Agreement (FMLG - New York FED FXC) published by the Foreign Exchange Committee can be used for this purpose.
• B) That this agreement need not specify the permitted transaction types, tenors or credit limits.
• C) That this agreement must include instructions that the prime broker must advise the executing dealer promptly of trades for give-up.
• D) That this agreement should not involve any requirement for the executing dealer to inform the prime broker of the material terms of the transaction once a trade has been executed.