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NEW QUESTION: 1
You have received the requisite notification from a non-swapping counterparty that their USD correspondent is to be changed from Bank A to Bank B taking effect from value date 15 June. On 14 June, you buy JPY 50,000,000 from your counterparty against USD for value spot. What payment will you execute?
A. JPY payment to Bank B
B. USD payment to Bank A
C. USD payment to Bank B
D. JPY payment to Bank A
Answer: D

NEW QUESTION: 2

A. Option B
B. Option D
C. Option C
D. Option A
Answer: C

NEW QUESTION: 3

A. Option C
B. Option D
C. Option B
D. Option A
Answer: C

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