Internal Control Questionnaires and Verification Procedures

Trading Function

1. Is a trader’s position sheet maintained for each currency traded?

2. Is a trader’s position report received by management at the end of each trading day?

3. Does the trader’s position report reflect the same day’s holdover and after-hours transactions?

4. If applicable, are trader’s dealing tickets pre-numbered?

   1. If so, are records and controls adequate to ascertain their proper sequential and authorized use?

   2. Regardless of whether or not pre-numbered,

      • Are dealing tickets time date stamped, as completed, or

      • Are dealing tickets otherwise identified with the number of the resultant contract to provide a proper audit trail?

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