ACI
3I0-013 · Question #89
3I0-013 Question #89: Real Exam Question with Answer & Explanation
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Question
According to ISDA definitions, if an USD IRS payment is due value Saturday, 31 May and the documentation states that the"modified following business day convention"will be used, what value date should be applied to the payment?
Options
- ASaturday, 31 May
- BTuesday, 3 June
- CMonday,2June
- DFriday, 30 May
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