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Click on the Exhibit Button to view the Formula Sheet, If the value date of...

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Click on the Exhibit Button to view the Formula Sheet, If the value date of forward USD/JPY transactions is declared a holiday in either New York or Tokyo, the correct value date will be:

A.

The value date of the centre which is open.

B.

The next business day of the centre which is closed.

C.

The next business day when both NewYork and Tokyo are open.

D.

None of the above.

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Where dealing through an intermediary with an unidentified principal, the Model Code recommends:
You are quoted spot NZD/USD 0.
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