ACI
3I0-013 · Question #275
3I0-013 Question #275: Real Exam Question with Answer & Explanation
The correct answer is B. The bilateral limit with the counterparty would have to be adjusted. See the full explanation below for the reasoning.
Question
In settling a money market placing between your dealer and a counterparty, what would be the financial consequences of a payment made one day late?
Options
- AThe counterparty would cancel the deal
- BThe bilateral limit with the counterparty would have to be adjusted
- CThe counterparty would demand interest on the late payment
- DThere are no adverse financial consequences
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