Adequate procedures and controls associated with swap transactions should exist to help minimize the risks inherent in transaction process. Example/s of these controls may include:

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Caridade Martins · Accepted Answer

All of these

Caridade Martins · Answer

A daily reconciliation of traders' positions should be performed

Caridade Martins · Answer

To minimize market risk in hedge transactions: There should be independent sign-off procedures for hedging models All hedge strategies should be clearly defined All software and products should be secure and temper resistant

Caridade Martins · Answer

All transactions should be authorized and affirmed

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Question 574 - CTFA discussion

Suggested answer: D

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