ACI 3I0-012 Question Answer
A “time option” is an outright forward FX transaction where the customer:
has the option to fulfill the outright forward or not at maturity
may freely choose the maturity, given a 24-hour notice to the bank
can choose any maturity within a previously fixed period
may decide to deal at the regular maturity or on either the business day before or after
TESTED 15 Jul 2025
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