ACI
3I0-012 · Question #68
3I0-012 Question #68: Real Exam Question with Answer & Explanation
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Question
If the value date of a forward USD/JPY transaction is declared a holiday in either New York or Tokyo, the correct value date will be:
Options
- Athe value date of the financial centre that is open
- Bthe next business day of the financial centre which is closed
- Cthe next business day when both New York and Tokyo are open
- Dthe previous business day when both New York and Tokyo are open
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