A Company Is Reviewing the Function of Foreign Exchange Within

A company is reviewing the function of foreign exchange within its treasury division.Which one of the following is NOT one of the 'controls' the company should have in place for the FX function?

A) There should be specified monetary limits for single transactions.
B) Authorisations should be required for FX products.
C) Only nominated FX dealers can carry out the tasks of confirmation, settlement and reconciliation.
D) Periodic reports should be forwarded to a nominated manager.

Correct Answer:

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