ACI
3I0-012 · Question #534
What rate should be used if the settlement date in a foreign exchange transaction is no longer a "good" date?
The correct answer is C. The affected parties should agree to adjust the exchange rate according to the prevailing relevant. See the full explanation below for the reasoning.
Question
What rate should be used if the settlement date in a foreign exchange transaction is no longer a "good" date?
Options
- AThe original rate of the transaction
- BThe original rate of the transaction adjusted by the relevant forward points
- CThe affected parties should agree to adjust the exchange rate according to the prevailing relevant
- DThe rate is open to negotiation by the two parties
How the community answered
(67 responses)- A4% (3)
- B15% (10)
- C75% (50)
- D6% (4)
Community Discussion
No community discussion yet for this question.