ACI
3I0-013 · Question #246
If a GBP/CHF trade is made on the spot foreign exchange market on Tuesday, when will the two currencies be settled if tomorrow (Wednesday) is a bank holiday in the U.K.?
The correct answer is C. Both currencies will be settled value Thursday. See the full explanation below for the reasoning.
Question
If a GBP/CHF trade is made on the spot foreign exchange market on Tuesday, when will the two currencies be settled if tomorrow (Wednesday) is a bank holiday in the U.K.?
Options
- ABoth currencies will be settled value date Friday
- BGBP will be settled value Friday, CHF value Thursday
- CBoth currencies will be settled value Thursday
- DGBP will be settled value today, CHF will be settled value Friday
How the community answered
(22 responses)- A14% (3)
- B5% (1)
- C77% (17)
- D5% (1)
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