ACI
3I0-013 · Question #215
3I0-013 Question #215: Real Exam Question with Answer & Explanation
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Question
What is the meaning of settlement (Herstatt) risk?
Options
- AThe risk a payment order will not be processed due to a power failure in which the disaster
- BAny amount that is due to be received under a contract should be regarded as a settlement
- CThe risk that settlement arrangements will be made with the wrong counterparty
- DThe risk of aborting settlement procedures due to the unavailability of back office staff
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