According the Model Code, a principal, whose name has been rejected, feeling that the broker may have actually quoted a price or rate that it could not in fact substantiate, may:
A) deduct points from the broker or adjust the brokerage bill accordingly
B) in some centres, ask either the central bank or some other neutral body to investigate and confidentially verify that there was support for the original price or rate
C) in some centres, ask the local ACI to investigate and confidentially verify that there was support for the original price or rate
D) insist that the broker discloses the name of the other counterparty

Question

Quizplus · Accepted Answer

Asking a neutral body to investigate and verify the original price or rate is the best choice as it ensures an impartial assessment without disclosing the counterparty's name or affecting the broker's reputation. Deducting points from the broker or adjusting the brokerage bill could be disputed, and insisting on disclosing the counterparty's name may not be appropriate or possible. Asking the local ACI to investigate may also create a conflict of interest.

According the Model Code, a Principal, Whose Name Has Been