ACI Operations Certificate challenging 3I0-013 Question # 137 Topic 3 Discussion

ACI Operations Certificate challenging 3I0-013 Question # 137 Topic 3 Discussion

3I0-013 Exam Topic 3 Question 137 Discussion:
Question #: 137
Topic #: 3

If your trader has dealt a 6-month USD/JPY FX-swap, selling and buying USD 10,000,000.00, will you:


A.

Expect a credit statement on your JPY nostro account on the near date


B.

Be required to obtain and execute the ICMA Master Agreement to document the transaction


C.

Need to instruct your USD nostro bank to pay out USD on the far date


D.

Anticipate no movement of principal, but a cash settlement on the far date


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