ACI Dealing Certificate (#294)

A bank quotes 3-month EUR deposits at 0.45% �� 0.55% to its broker. The broker lifts the bank’s offer at 0.55%. Which of the following steps must the broker take?

The broker must show the borrower’s name to the lender first and disclose the lender’s name only if the borrower is acceptable to the lender.
The broker must show the lender’s name to the borrower first and disclose the borrower’s name only if the lender is acceptable to the borrower.
The broker must show the borrower’s and lender’s names to each other at the same time.
For marketing reasons, the broker can show the lender’s name to the borrower at any time.