The Model Code rules that deals at non-current rates:
A) Are forbidden.
B) Require prior regulatory approval.
C) Require the prior express permission of the senior management of both counterparties.
D) Should be marked to market daily.

Question

Quizplus · Accepted Answer

The Model Code requires that deals at non-current rates must have the prior express permission of the senior management of both counterparties to ensure transparency and proper oversight.

The Model Code Rules That Deals at Non-Current Rates