3I0-012 Exam Dumps : ACI Dealing Certificate

Subject to local legal requirements, this matter is one for bank management to decide.

Bank management should encourage such activities because it allows banks to monitor the gambling habits of their staff.

Where this is allowed, bank management should have a clearly defined policy and written procedures.

Bank management should allow staff to deal for their personal account on a case to case basis.

EUR 1,388,89

EUR 1,561.11

EUR 2,255.56

EUR 2,951.39

it need not be confirmed between the counterparties as the broker confirms it immediately with both counterparties

it should also be confirmed directly between the two counterparties

it is important to note that broker confirmations are bilateral confirmations between the principals of the trade

the dealer should obtain acknowledgement that the deal has been agreed to but may assume agreement to the trade in the absence of such acknowledgement