If the Value Date of Forward USD/JPY Transactions Is Declared

question 594

Multiple Choice

If the value date of forward USD/JPY transactions is declared a holiday in either New York or Tokyo, the correct value date will be:

• A) The value date of the centre which is open.
• B) The next business day of the centre which is closed.
• C) The next business day when both NewYork and Tokyo are open.
• D) None of the above.

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