ACI

An arbitration-like non-binding determination (the “Expert Determination Service”) is provided by the Committee for Professionalism (“CFP”). CFP endeavors to resolve any dispute or differences between market participants related to market practices by advising what it considers should be the then current good market practice, thereby avoiding the unnecessary time and costs of a formal proceedings in a court of law or recognized arbitration forum.

What the Expert Determination Service DOES NOT do is settling “legal” disputes, such as an interpretation of a clause in a document or in an electronic communication or a weight that should be given to any particular (purported) evidence. As written in Chapter IV of the Model Code, most of the disputes arise as a result of the failure by the parties to document the terms and conditions using the market standard agreement and terminology. Standard documentation are provided for most of the inter-professional financial markets by the relevant industry groups. Careful and unequivocal use of these documents and terminologies should avoid most of the disputes in the first place.

Any market participant(s) wishing to use this Service should read the Appendix 1 to the Model Code carefully and request to ACI in the manner prescribed therein.

Other topics

• Committee for Professionalism
• The Model Code
• Other Codes of Conduct
• Arbitration services
• CFP Statements

What's new

Traders to be registered in the Netherlands - — Tue, 15 May 2012

Traders need to become registered by the DSI in the Netherlands.
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ACI Slovakia Members Meeting in Bratislava — Fri, 11 May 2012

Members of ACI Slovakia meet Thursday evening in Bratislava at The Mole. Juraj Jánosik, National Bank of Slovakia and Secretary ACI Slovakia led through the program. M. Wiebogen President ACI gave an update of international developments, whilst representative from Reuters explained their trends.
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Launch of New FX Best Practices in Operations - PR — Thu, 10 May 2012

FX Practices in Operations was developed by a team led by Andreas Gaus, Credit Suisse, member of the ACI BOE and Chairman of the European Central Bank Operations Management Group (OMG), who reviewed the Bank of England Non-Investment Products (NIPS) Code, the Federal Reserve Bank's 60 Best Practices and the ECB's OMG documents ....
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XVII AGA ACI Macedonia meeting - Strumica, 5th May 2012. — Sat, 05 May 2012

The members of ACI Macedonia met in Strumica for their Annual Assembly. Amongst the guests and speakers were Maja Kadievska Vojnovik, Vice Governor of the National Bank of the Republic of Macedonia and Manfred Wiebogen, President ACI discussing togehter with Emil Jakimov, President ACI Macediona further market developments. The implementation of Repo Business, cross currency trading but also the implementation of margin trading is at the current agenda
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