The Committee for Professionalism strongly recommends intra-day oral deal checks to help reduce the number...

Vendor: ACI
Product: 3I0-012
Update on: Aug 18, 2025
Questions: 740

ACI 3I0-012 Question Answer

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:

Be carried out at least three times a day.

Be agreed between the parties.

Be done at the end of each day.

Be decided by the broker.