ACI
3I0-012 · Question #464
3I0-012 Question #464: Real Exam Question with Answer & Explanation
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Question
In the unforeseen event that a particular maturity date is declared a public holiday, what is standard market practice for spot FX?
Options
- Ato extend the contract to the next business day
- Bto shorten the contract to the previous business day
- CThe two parties involved agree to a new maturity date.
- DThere is no standard market practice. ACIs Committee for Professionalism decides the issue on a
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