Which of the following is true?
A) It is the responsibility of the broking firm to conduct due diligence before transacting a deal.
B) All principals have the responsibility for assessing the creditworthiness of their counterparties or potential counterparties whether dealing direct or through a broking firm.
C) The principal is obliged to take into account any information provided by a broker as they are bound by a professional relationship.
D) All of the above.

Question

Quizplus · Accepted Answer

All principals are responsible for assessing the creditworthiness of their counterparties, regardless of whether they are dealing directly or through a broking firm.

Which of the Following Is True