PKMC Module I Practice Questions - Pasaran Kewangan Malaysia Certificate (PKMC) Module I - Regulatory Framework Exam

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Under the Financial Markets Association of Malaysia (FMAM) Code of Conduct, what is the standard spot settlement date (Value Spot) for interbank foreign exchange transactions involving the Malaysian Ringgit (MYR)?

Same business day as the transaction date (T+0) Next business day following the transaction date (T+1) Two business days following the transaction date (T+2) Three business days following the transaction date (T+3)

Correct Answer:

Two business days following the transaction date (T+2)

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