I- With reference to the granting of customer credit lines a thorough analysis of the customer's overall financial position is performed prior to trading authorization. II-confirmations of each transaction are sent to customers indicating the quantity, delivery month and the contract price to ensure the integrity of transactions. III-Original margin deposits in cash or acceptable securities to guarantee performance of contracts are determined in accordance These all are adequate procedures and controls associated with:

Question

Quizplus · Accepted Answer

The procedures and controls mentioned are associated with commodity transactions, specifically in the context of granting customer credit lines, confirming transactions, and requiring margin deposits.

I- with Reference to the Granting of Customer Credit Lines