Description:

Transactions can be conducted on behalf of a respondent's customers.

Appears in:

• Acquisition Leveraged Finance
• Bond Issues
• Borrowing Base Facility
• Certificate of Deposit (Broker Acting as Principal)
• Certificate of Deposit (Broker Acting on Behalf of Client)
• Certificate of Deposit (Direct Interaction with Clients)
• Collateral Debt Obligation
• Commercial Paper (CP)
• Commodity Option
• Commodity Swap
• Constant Proportion Portfolio Insurance (CPPI)
• Convertible Bond
• Credit Facility
• Credit Linked Deposit
• Credit Linked Note
• Deposit
• Deposit (Direct with Client)
• Deposit (via Broker)
• Documentary Collections (Export)
• Documentary Collections (Import)
• Dual Currency Deposit (DCD)
• Equities
• Equity Linked Note
• Equity Option
• Exchange Traded Funds (ETFs) (Counterparty to Counterparty)
• Exotic FX Option
• Exotic Interest Rate Option
• FX Option
• FX Prime Brokerage (Continuous Linked Settlement)
• FX Prime Brokerage (Non-Continuous Linked Settlement)
• FX Spot
• General Bond
• Index Option
• International Services
• Letter of Credit and Guarantee Syndication
• Leveraged Loan
• Liquidity Support Facility
• Loan Syndication
• Medium Term Note (MTN)
• Multi-Product Facility
• Option
• Option On Futures
• Overdraft Facility
• Private Placement
• Repurchased (Repo) Agreement and Reverse Repo (UK)
• Revolving Credit Facility (Bilateral Agreement)
• Revolving Credit Facility (Syndicated)
• Standby Facility
• Structured Deposit
• Swaption
• Trade Receivable Securitization
• Treasury Bill
• Treasury Note
• Warrant

Addressed by:

• Know Your Business (KYB): Includes taking steps to gain an understanding of a customer's business activities, including the nature of the business to be taken with a bank and the anticipated volume and value of the business.
• No Transactions Prior to CDD or EDD: Entering into a transaction before completing CDD (Customer Due Diligence) or EDD (Enhanced Due Diligence), as appropriate, is not allowed.
• Transactional Due Diligence (TDD): Conducts a detailed examination of specific transactions identified as being higher risk.