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)- A12% (2)
- B6% (1)
- C76% (13)
- D6% (1)
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