The Committee for Professionalism strongly recommends intra-day oral deal checks to help reduce the number and size of differences, particularly when dealing through voice- brokers, for deals involving foreign counterparties, in faster moving markets such as FX and when dealing in other instruments which have very short settlement periods. This checking should:
A) Be carried out at least three times a day.
B) Be agreed between the parties.
C) Be done at the end of each day.
D) Be decided by the broker.

Question

Quizplus · Accepted Answer

The recommendation of intra-day oral deal checks should be agreed upon between the parties involved rather than being decided by a broker. The recommendation does not specify a certain number of times the checks should be carried out or that they need to be done at the end of each day.

The Committee for Professionalism Strongly Recommends Intra-Day Oral Deal Checks