What is one of the responsibilities of the Middle Office according to the Model Code?
A) Sending settlement instructions
B) Investigating settlement discrepancies
C) Keeping a contact list of all back office staff of the bank's counterparties
D) Exchanging standard settlement instructions (SSIs)

Question

Quizplus · Accepted Answer

According to the Model Code, one of the responsibilities of the Middle Office is to investigate settlement discrepancies. The other options, such as sending settlement instructions (A), keeping a contact list of back office staff (C), and exchanging standard settlement instructions (D) are responsibilities of the Back Office.

What Is One of the Responsibilities of the Middle Office