The Model Code recommends that when banks accept a stop-loss order
A) Management must ensure ongoing lines of communication are in place between the parties.
B) Management must report to the central bank.
C) Management allows only experienced dealers to take such orders.
D) Bank staff must secure the approval of the counterpartqs management to accept such orders.

Question

Quizplus · Accepted Answer

The Model Code recommends that when banks accept a stop-loss order, management must ensure ongoing lines of communication are in place between the parties to avoid any confusion or miscommunication. This ensures that any changes in market conditions or the client's objectives can be addressed promptly.

The Model Code Recommends That When Banks Accept a Stop-Loss