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Q48 Single choice

In the unexpected event that a public holiday is declared on the date a particular contract matures, what is the normal market practice?

A
If that day is not the final trading day of the month, all contracts maturing on that day are extended to the next business day
B
If that day is not the final trading day of the month, all contracts maturing on that day are shortened to the preceding business day
C
All new maturity dates have to be agreed upon with the counterparties involved
D
Decisions about the maturity dates of trading contracts are made by ACI's Committee for Professionalism on a case-by-case basis and must be adhered to

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