ACI
3I0-013 · Question #3
What does"modified following business day convention"mean?
The correct answer is A. Aconvention whereby a transaction is dated the following business day, unless that day. See the full explanation below for the reasoning.
Question
What does"modified following business day convention"mean?
Options
- AAconvention whereby a transaction is dated the following business day, unless that day
- BAconvention whereby a transaction is dated the following business day
- CAconvention whereby a transaction is dated the preceding business day
- DAconvention whereby a transaction is dated the next business day that corresponds to the
How the community answered
(31 responses)- A81% (25)
- B10% (3)
- C6% (2)
- D3% (1)
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