NISM Series I (Currency Derivatives) Practice Questions - NISM-Series-I Currency Derivatives Certification Examination Exam

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In the foreign exchange spot market, if a trade is executed on Monday, October 12th, and is settled on Wednesday, October 14th (assuming no holidays), what is the settlement type?

Cash / Ready settlement TOM (Tomorrow) settlement Spot settlement Forward settlement

Correct Answer:

Spot settlement

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