ACI Dealing Certificate (#380)

The Committee for Professionalism strongly recommends intra-day oral deal checks to help reduce the number and size of differences, particularly when dealing through voice-brokers, for deals involving foreign counterparties, in faster moving markets such as FX and when dealing in other instruments which have very short settlement periods. This checking should:

Be carried out at least three times a day.
Be agreed between the parties.
Be done at the end of each day.
Be decided by the broker.