Today is Monday, 8 December. You sell a 9x12 FRA in EUR. When will the settlement amount be paid or received, assuming that there are no bank holidays?

The correct answer is A. 8 September. See the full explanation below for the reasoning.

Question

Options

A8 September
B10 September
C8 December
D10 December

How the community answered

(37 responses)

A
73% (27)
B
16% (6)
C
3% (1)
D
8% (3)

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