In the Unforeseen Event That a Particular Maturity Date Is

question 443

Multiple Choice

In the unforeseen event that a particular maturity date is declared a public holiday, what is standard market practice for spot FX?

• A) to extend the contract to the next business day
• B) to shorten the contract to the previous business day
• C) The two parties involved agree to a new maturity date.
• D) There is no standard market practice. ACIs Committee for Professionalism decides the issue on a case-by-case basis.

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Definitions:

Subsistence System

A means by which a society obtains its food and other necessities for survival, often based on hunting, gathering, farming, or herding.

Cultural Changes

Transformations in the beliefs, practices, customs, and values of a society or community over time.

Biological Changes

Alterations in the genetics or physiology of living organisms, which can be caused by environmental factors, adaptation, or evolutionary processes.

Australopithecine Fossil

Prehistoric remains of Australopithecus, an early genus of hominins known for bipedal locomotion and a significant role in human evolutionary history.