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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?

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Suggested Answer: C

by Dorothea at May 03, 2025, 02:30 PM

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Venita
2 days ago
I'm pretty sure a spot FX trade follows the T+2 settlement convention, so I'll go with option C.
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Louvenia
4 months 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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Estrella
3 months ago
It's good to be cautious, especially when it comes to financial transactions like these.
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Buck
3 months ago
I always make sure to double check the settlement date before finalizing a spot FX trade.
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Erick
3 months ago
Definitely, it's important to know the correct settlement convention to avoid any confusion.
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Wilford
3 months ago
I agree, T + 2 days is the standard settlement convention for spot FX trades.
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Doretha
4 months ago
I believe it's actually A) Same day, as some trades can be settled on the same day.
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Fidelia
4 months 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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Coral
3 months ago
T + 2 days gives enough time for everything to settle smoothly.
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Luis
3 months ago
I always prefer T + 2 days for spot FX trades.
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Elza
4 months ago
I agree, C is the safest option for settlement.
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Carylon
4 months ago
I'm not sure, but I think it might be B) T + 1 day.
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Barrett
5 months ago
I agree with Gail, because that's the standard settlement convention for spot FX trades.
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Gail
5 months ago
I think the answer is C) T + 2 days.
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Royal
5 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
5 months ago
C) T + 2 days
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Aron
5 months ago
B) T + 1 day
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Luis
5 months ago
A) Same day
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