ICMA Exam FMFQ Topic 1 Question 80 Discussion

Actual exam question for ICMA's FMFQ exam

Question #: 80
Topic #: 1

[All FMFQ Questions]

A spot FX trade would traditionally follow which of the following settlement conventions?

ASame day

BT + 1 day

CT + 2 days

DT + 3 days

Show Suggested Answer

Suggested Answer: C

by Dorothea at May 03, 2025, 01:30 PM

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Louvenia

4 days ago

Haha, I bet the exam writer tried to trick us with those other options. T + 2 days is the only way to fly when it comes to spot FX.

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Doretha

18 days ago

I believe it's actually A) Same day, as some trades can be settled on the same day.

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Fidelia

23 days ago

Yeah, C is the correct answer. T + 2 days is the way to go. Anything faster and I'd be worried about the trade not settling properly.

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Carylon

25 days ago

I'm not sure, but I think it might be B) T + 1 day.

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Barrett

1 months ago

I agree with Gail, because that's the standard settlement convention for spot FX trades.

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Gail

1 months ago

I think the answer is C) T + 2 days.

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Royal

2 months ago

I think it's got to be T + 2 days. That's the standard settlement convention for spot FX trades, right?

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Laura

1 months ago

C) T + 2 days

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Aron

1 months ago

B) T + 1 day

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Luis

1 months ago

A) Same day

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