Item D16: When dealer/customer counters, can counter change the instrument definition?

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1

Imported from previous forum

2

Are there any conditions during dealer/customer counter where it is acceptable to change the instrument definition?

3

I don’t think this is ever going to be a good idea and is very prone to implementation risk where either side may end up booking the wrong trade. IMHO If an instrument change is needed then a new RFQ should be initiated.

4

I don’t think this is ever going to be a good idea and is very prone to implementation risk where either side may end up booking the wrong trade. IMHO If an instrument change is needed then a new RFQ should be initiated.

We will go with the above suggestion unless we hear otherwise.