ACI
3I0-012 · Question #609
Today is Monday, 8th December. You sell a 9x12 FRA for value Thursday, 10th September next year. On what date is the settlement amount due to be paid or received (assuming that there are no holidays)?
The correct answer is B. 10th September next year. See the full explanation below for the reasoning.
Question
Today is Monday, 8th December. You sell a 9x12 FRA for value Thursday, 10th September next year. On what date is the settlement amount due to be paid or received (assuming that there are no holidays)?
Options
- A8th September next year
- B10th September next year
- C8th December next year
- D10th December next year
How the community answered
(49 responses)- A4% (2)
- B80% (39)
- C12% (6)
- D4% (2)
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