n NISM Certifications
NSM General NISM
Medium

Which of the following is true concerning the settlement date for exchange-traded currency futures?

Practice question from NISM Series I - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Two calendar days before the contract expiry

  2. B

    Two business days before the contract expiry

  3. Last working day of the month

    Correct answer

  4. D

    Two calendar days after the contract expiry

Why this is the answer

Settlement occurs on the last working day of the month.

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