ACI Dealing Certificate (#21)

What does the Model Code recommend with regard to any give-up agreement between a prime broker and an executing dealer?

That the Master FX Give-Up Agreement (FMLG - New York FED FXC) published by the Foreign Exchange Committee can be used for this purpose.
That this agreement need not specify the permitted transaction types, tenors or credit limits.
That this agreement must include instructions that the prime broker must advise the executing dealer promptly of trades for give-up.
That this agreement should not involve any requirement for the executing dealer to inform the prime broker of the material terms of the transaction once a trade has been executed.