ACI
3I0-013 · Question #137
Your dealer has sold a 3x6 AUD 10,000,000.00 FRA at 3.10%. On settlement day the 3- month (90- day) fixing is 3.00%. What would you do?
The correct answer is A. Pay AUD 2,447.65. See the full explanation below for the reasoning.
Question
Your dealer has sold a 3x6 AUD 10,000,000.00 FRA at 3.10%. On settlement day the 3- month (90- day) fixing is 3.00%. What would you do?
Options
- APay AUD 2,447.65
- BReceive AUD 2,500.00
- CPay AUD 2,481.39
- DReceive AUD 2,481.39
How the community answered
(33 responses)- A85% (28)
- B3% (1)
- C3% (1)
- D9% (3)
Community Discussion
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