ACI
3I0-013 · Question #8
In the unexpected event that a public holiday is declared on the date a particular contract matures, what is the normal market practice?
The correct answer is A. If that day is not the final trading day of the month, all contracts maturing on that day are. See the full explanation below for the reasoning.
Question
In the unexpected event that a public holiday is declared on the date a particular contract matures, what is the normal market practice?
Options
- AIf that day is not the final trading day of the month, all contracts maturing on that day are
- BIf that day is not the final trading day of the month, all contracts maturing on that day are
- CAll new maturity dates have to be agreed upon with the counterparties involved
- DDecisions about the maturity dates of trading contracts are made by ACI's Committee for
How the community answered
(24 responses)- A75% (18)
- B8% (2)
- C13% (3)
- D4% (1)
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