ACI
3I0-012 · Question #711
In the unforeseen event that a particular maturity date is declared a public holiday, what is normal market practice for spot FX?:
The correct answer is A. Extend the contract to the next business day. See the full explanation below for the reasoning.
Question
In the unforeseen event that a particular maturity date is declared a public holiday, what is normal market practice for spot FX?:
Options
- AExtend the contract to the next business day
- BShorten the contract to the previous business day
- CA new maturity date has to be agreed by the two parties involved
- DACI's Committee for Professionalism decides on a case by case basis
How the community answered
(50 responses)- A80% (40)
- B12% (6)
- C2% (1)
- D6% (3)
Community Discussion
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