A dealer has indicated his intention of assigning an interest rate swap to a third party soon after transacting that swap. When about to execute an assignment
A) The dealer is entitled to provide the name of the original counterparty to the assignee.
B) The dealer is entitled to provide the name of the assignee to the original counterparty.
C) The dealer should seek the permission of the assignee before releasing the name to the original counterparty.
D) The dealer should seek the permission of the original counterparty before releasing the name to the assignee.

Question

Quizplus · Accepted Answer

The dealer should seek the permission of the assignee before releasing the name to the original counterparty. This is because the assignee is the new counterparty to the swap and has the right to privacy.

A Dealer Has Indicated His Intention of Assigning an Interest