SIAA Foreign Exchange Practice Questions - SIAA Foreign Exchange Accreditation Exam

What is the standard settlement timeframe for a spot foreign exchange contract between AUD and USD?

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

Correct Answer:

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

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