For spot transactions,the FX contract value date is:
A) that day.
B) one business day from the day of the transaction.
C) two business days from the day of the transaction.
D) three business days from the day of the transaction.

Question

Quizplus · Accepted Answer

The value date for spot transactions is two business days from the day of the transaction. This is known as the "settlement date" and represents the date on which the currencies will be exchanged and the transaction will be settled. Therefore, choice C is the correct answer.

For Spot Transactions,the FX Contract Value Date Is