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Today's Spot Value Date Is the 29th of February

question 276

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Today's spot value date is the 29th of February. What is the maturity date of a 4-month USD deposit deal today? Assume no bank holidays.


Definitions:

Overload Unit

A protective device used in electrical circuits to prevent motors and other devices from operating at currents that are higher than their safe operating limits.

Electric Motor

A device that converts electrical energy into mechanical energy.

Contactor

A contactor is an electrically controlled switch used for switching an electrical power circuit, typically in industrial applications to control motors and other heavy loads.

Overload Unit

A component in motor starters that protects motors from damage by interrupting power in case of an overload.

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