ACI
3I0-013 · Question #69
When is the settlement amount of a FRA normally payable?
The correct answer is A. At the beginning of the forward period. See the full explanation below for the reasoning.
Question
When is the settlement amount of a FRA normally payable?
Options
- AAt the beginning of the forward period
- BOn the trade date
- COn the maturity (final) date
- DAt any time before the contract's maturity date
How the community answered
(20 responses)- A80% (16)
- B10% (2)
- C5% (1)
- D5% (1)
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