In Spite of Having Agreed to a Deal, Dealers Are

question 86

Multiple Choice

In spite of having agreed to a deal, dealers are not bound to its terms if it is "subject to documentation". What position does the Model Code take with regard to this practice?

• A) The practice of making a transaction subject to documentation is not regarded as good practice.
• B) It urges dealers to be bear in mind that this is a common practice for capital market deals.
• C) The Model Code does not comment on the matter.
• D) It recommends that national ACI Associations deal with this issue according to their local customs.

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Definitions:

Sixteenth-Century

Referring to the period of time from 1501 to 1600, notable for the Renaissance in Europe, exploration, and significant religious reformations.

State Religion

A religion that is officially endorsed and supported by the government of a country.

Executed Protestants

Individuals of the Protestant faith who were put to death for their religious beliefs, often occurring during periods of religious conflict and persecution.

Humphrey Gilbert

An English adventurer and explorer in the Elizabethan era, known for attempting to establish English colonies in North America.