ACI
3I0-013 · Question #187
In FX swaps, the rate of the spot leg:
The correct answer is C. Should be fixed immediately within the current spread, to reflect current rates at the time the. See the full explanation below for the reasoning.
Question
In FX swaps, the rate of the spot leg:
Options
- AMay be freely chosen by the quoting party as long as both parties agree on it
- BMust always be fixed immediately at the current mid rate, to reflect the rate at the time the
- CShould be fixed immediately within the current spread, to reflect current rates at the time the
- DShould always be fixed off the current spread in order not to be mistaken for a spot FX
How the community answered
(50 responses)- A14% (7)
- B4% (2)
- C76% (38)
- D6% (3)
Community Discussion
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