Multiple Choice
What should be done if a broker fails to conclude a transaction at the quoted price and the dealer has to accept a lesser quote to neutralize his risk?
A) 'stuff' the broker and insist on a replacement name at the original price
B) accept a bank transfer compensation payment in favour of the bank or adjustment to brokerage bills
C) refuse any sort of compensation from the broker for the amount concerned
D) acknowledge the excuses of the broker and accept his offer of entertainment in compensation for the failed transaction
Correct Answer:

Verified
Correct Answer:
Verified
Q607: What is the effect of netting?<br>A) To
Q608: You borrow GBP 2,500,000.00 at 0.625% for
Q609: Under the Model Code, if a broker
Q610: Which of the following currency risks could
Q611: The market is quoting: 6-month (182-day) CAD
Q613: Which of the following is not a
Q614: You are quoted the following market rates:
Q615: In a dispute between the dealer and
Q616: You are the buyer of a receiver's
Q617: Brokers should confirm all transactions:<br>A) Initially by