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ACI

3I0-012 · Question #456

In FX trading a "third party beneficiary" is best described as:

The correct answer is C. the recipient of a payment for the relevant trade distinct from the counterparty. See the full explanation below for the reasoning.

Question

In FX trading a "third party beneficiary" is best described as:

Options

  • Athe issuer of a payment for the relevant trade distinct from the counterparty
  • Bthe issuer of a payment for the relevant trade identical to the counterparty
  • Cthe recipient of a payment for the relevant trade distinct from the counterparty
  • Dthe recipient of a payment for the relevant trade identical to the counterparty

How the community answered

(17 responses)
  • A
    12% (2)
  • B
    6% (1)
  • C
    76% (13)
  • D
    6% (1)

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Full 3I0-012 Practice