Written confirmation is a function that can be done by:
A) Any dealer as long as he/she is not a party to the
B) Staff in the back-office.
C) Staff in the dealing room who are not dealing.
D) Any staff outside the dealing room.

Question

Quizplus · Accepted Answer

Written confirmation is typically done by the back-office staff, as they are responsible for processing trades and ensuring that all necessary documentation is completed accurately. Dealers may be involved in preparing the trade but cannot be a party to the confirmation as it would compromise their objectivity and independence. Staff in the dealing room may also be involved in the trade but should not be responsible for confirmation as they are involved in executing trades. Staff outside of the dealing room may not have the necessary knowledge or access to the relevant systems and processes to complete a confirmation.

Written Confirmation Is a Function That Can Be Done By