PKMC Module I Practice Questions - Pasaran Kewangan Malaysia Certificate (PKMC) Module I - Regulatory Framework Exam

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When a dispute arises between two interbank dealers regarding a transaction's terms, what is the FIRST action the participants should take under FMAM guidelines?

Refer the matter immediately to Bank Negara Malaysia (BNM) for arbitration. Cancel the trade unilaterally to prevent financial exposure. Listen to the voice recordings of the conversation and compare transaction confirmations. Initiate legal proceedings in the High Court of Malaysia.

Correct Answer:

Listen to the voice recordings of the conversation and compare transaction confirmations.

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