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When is a broker allowed to assume a deal is closed:

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When is a broker allowed to assume a deal is closed:

A.

When one of the principals confirms the deal.

B.

When the principals give a written undertaking for all deals done at the end of the day.

C.

When an acknowledgement is received from the principal that the deal is done.

D.

When both back offices acknowledge the deal.

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The market is quoting:1-month (31-day) USD.
Where dealing through an intermediary with an unidentified principal, the Model Code recommends:
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