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Question 580 - CTFA discussion

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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:

A.
Commodity transaction
Answers
A.
Commodity transaction
B.
Mutual funds audit
Answers
B.
Mutual funds audit
C.
Bond audit
Answers
C.
Bond audit
D.
None of these
Answers
D.
None of these
Suggested answer: A
asked 16/09/2024
Damien Fenderson
34 questions
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