Brokers should confirm all transactions:
A) Initially by fax or other acceptable electronic me
B) Only if the deal is between overseas counterpartie
C) Only if the transaction is not for a marketable am
D) To both counterparties immediately by fax or other

Question

Quizplus · Accepted Answer

Brokers should confirm all transactions to both counterparties immediately by fax or other acceptable electronic means. This helps to ensure that both parties have a clear understanding of the transaction and reduces the risk of any misunderstandings or disputes arising later on. It is important to confirm all transactions, regardless of the size or nature of the deal, and regardless of whether the counterparties are based in the same country or overseas.

Brokers Should Confirm All Transactions