ACI
3I0-013 · Question #275
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?
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
How the community answered
(51 responses)- A6% (3)
- B82% (42)
- C10% (5)
- D2% (1)
Community Discussion
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