What Happens If an Instruction Remains Unmatched And/or Unsettled Through

question 334

Multiple Choice

What happens if an instruction remains unmatched and/or unsettled through CLS Bank?

• A) If there is more than one FX trade with a single counterparty to settle in the identical currencies, then both sides should bilaterally agree to settle the trades outside of CLS Bank on a net basis.
• B) If there is only one FX trade with a single counterparty to settle in the identical currencies, then either side can unilaterally decide to settle the trade outside of CLS Bank on a net basis.
• C) If there is more than one FX trade with a single counterparty to settle in the identical currencies, then both sides should bilaterally agree to settle the trade outside CLS Bank on a gross basis.
• D) If there is more than one FX trade with a single counterparty to settle in the identical currencies, then either side can unilaterally instruct the CLS Bank to settle the trades.

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Definitions:

Significance Test

A statistical test to determine whether the difference between groups or the relationship between variables is due to chance or represents a true effect.

Probability

A measure of the likelihood of a given event's occurrence, expressed as a number between 0 and 1.

S Data

S Data, or self-report data, involves data collected directly from participants about themselves through questionnaires, interviews, or other introspective methods, often used in psychological assessments.

B Data

Behaviorally based data, which involve observations of an individual's behavior in natural contexts.