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NEW QUESTION: 1
Click on the Exhibit Button to view the Formula Sheet. Today is Monday, 8th December.
You sell a 9x12 FRA for value Thursday, 10th September next year. On what date is the settlement amount due to be paid or received (assuming that there are no holidays)?
A. 10th December next year
B. 8th September next year
C. 8th December next year
D. 10th September next year
Answer: D

NEW QUESTION: 2
Which details do not need to be mentioned in a trade confirmation?
A. Product identification: counterparty, currency, index
B. Identification of the dealer: identity, title, direct phone number
C. Economic: such as initial and final amounts, rates
D. Dates including the trade day: initial day, final day, settlement day
Answer: B


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