3I0-012 Exam Dumps : ACI Dealing Certificate

claims of less than USD 100.00

claims of less than USD 1,000.00

claims of less than EUR 100.00

claims of less than EUR 1,000.00

The Model Code emphasizes the importance of clear, concise documentation and on-going lines of communication.

Bank management must guarantee a fixed price execution to the counterparty.

The Model Code recommends that only experienced dealers should be allowed to take such orders.

Bank staff must secure the approval of the counterparty’s management to accept such orders.

The practice of making a transaction subject to documentation is not regarded as good practice.

It urges dealers to be bear in mind that this is a common practice for capital market deals.

The Model Code does not comment on the matter.

It recommends that national ACI Associations deal with this issue according to their local customs.