Which of the following correctly states the Model Code's recommendations regarding terms and documentation?
A) Such documentation should be bi-laterally signed by the dealers of both principals intending to transact business.
B) When using such agreements... the wording in the agreement must be changed to match the actual transaction details after trading.
C) Such documentation should be signed, in many cases before any applicable market transactions are entered into.
D) For instruments where standard terms do not exist, the Model Code recommends that no documentation should be used.

Question

Quizplus · Accepted Answer

The Model Code recommends that such documentation should be signed, in many cases before any applicable market transactions are entered into.

Which of the Following Correctly States the Model Code's Recommendations