ACI DEALING CERTIFICATE: 3I0-008

Click on the Detail Button to view the Formula Sheet. Which of following is not true?

A. Inter-bank market participants have a duty to make absolutely clear whether the prices they are quoting are firm or merely indicative.

B. It is the duty of the dealer to periodically confirm with the broker the validity of his price.

C. It is the responsibility of the dealer to ensure that prices given to a broker are taken off if they have not been hit or were subject to a time limit.

D. No deal is done if one counterparty is unable to conclude a deal due to credit line problems and a name switch is not found within a reasonable period of time.

Click on the Detail Button to view the Formula Sheet. The Chairman and members of the ACIs Committee for Professionalism are ready to assist in resolving disputes through the ACIs Expert Determination Service in situations where:

A. The amount of the deal exceeds EUR 5 million.

B. The local regulator or central bank declines to intervene.

C. Litigation has already commenced.

D. At the request of one of the counterparties.

Click on the Detail Button to view the Formula Sheet. The use of mobile phones from within the dealing room for transacting business:

A. Is not considered good practice.

B. Is accepted in case of direct deal input into the bank's system.

C. Is accepted for senior dealers.

D. Is accepted for hedging transactions.