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Q41 Single choice

Click on the Detail 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 New York and Tokyo are open.
D
None of the above.

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