Tenence recently passed the CFA examination. When he seek for potential employers, he writes in the cover letter: “I have passed all three levels of the CFA Program and may be eligible for the CFA charter after I get the required work experience.” According to AIMR Standards of Professional Conduct, Terence（ ）。
Although Terence has passed Level Ⅲ, he has not yet received his charter and cannot use the CFA designation. The description provided in the cover letter properly describes his situation.