ACI
3I0-012 · Question #284
What is the value date of a 1-month outright forward FX transaction dealt today, if today's spot date is Monday, 30th January? Assume there are no bank holidays and that the year is not a leap year.
The correct answer is D. 28th February. See the full explanation below for the reasoning.
Question
What is the value date of a 1-month outright forward FX transaction dealt today, if today's spot date is Monday, 30th January? Assume there are no bank holidays and that the year is not a leap year.
Options
- A2nd March
- B1st March
- C2gth February
- D28th February
How the community answered
(34 responses)- A15% (5)
- B3% (1)
- C9% (3)
- D74% (25)
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