ACI
3I0-012 · Question #669
Click on the Exhibit Button to view the Formula Sheet, If the value date of forward USD/JPY transactions is declared a holiday in either New York or Tokyo, the correct value date will be:
The correct answer is C. The next business day when both NewYork and Tokyo are open. See the full explanation below for the reasoning.
Question
Click on the Exhibit Button to view the Formula Sheet, If the value date of forward USD/JPY transactions is declared a holiday in either New York or Tokyo, the correct value date will be:
Options
- AThe value date of the centre which is open.
- BThe next business day of the centre which is closed.
- CThe next business day when both NewYork and Tokyo are open.
- DNone of the above.
How the community answered
(39 responses)- A8% (3)
- B3% (1)
- C85% (33)
- D5% (2)
Community Discussion
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