ACI
3I0-013 · Question #250
You have received the requisite notification from a non-swapping counterparty that their USD correspondent is to be changed from Bank A to Bank B taking effect from value date 15 June. On 14 June…
The correct answer is C. JPY payment to Bank A. See the full explanation below for the reasoning.
Question
You have received the requisite notification from a non-swapping counterparty that their USD correspondent is to be changed from Bank A to Bank B taking effect from value date 15 June. On 14 June, you buy JPY 50,000,000 from your counterparty against USD for value spot. What payment will you execute?
Options
- AUSD payment to Bank A
- BUSD payment to Bank B
- CJPY payment to Bank A
- DJPY payment to Bank B
How the community answered
(30 responses)- A7% (2)
- B3% (1)
- C80% (24)
- D10% (3)
Community Discussion
No community discussion yet for this question.