ACI
3I0-013 · Question #300
You request use of funds from your agent bank for 2 days on an amount of EUR 25,000,000.00. EONIA is 0.790% on the first day and 0.836% on the second day. The ECB deposit facility rate is 0.75% on…
The correct answer is A. EUR 694.44. See the full explanation below for the reasoning.
Question
You request use of funds from your agent bank for 2 days on an amount of EUR 25,000,000.00. EONIA is 0.790% on the first day and 0.836% on the second day. The ECB deposit facility rate is 0.75% on both days. What use of funds settlement amount should you expect?
Options
- AEUR 694.44
- BEUR 781.94
- CEUR 1,041.67
- DEUR 1,129.17
How the community answered
(50 responses)- A84% (42)
- B4% (2)
- C10% (5)
- D2% (1)
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