Question

1. Which of the following statements is NOT true?
   1. Forward value date can be fixed on a term of either number of days, weeks or months after the spot value date
   2. Only the buyers can specify the forward value date
   3. The forward value date cannot be less than 2 business days after the contract date
   4. The forward value date is to be considered from the agreement date

Answer 1

Answer-

The correct Option is b. The Opion Only the buyers can specify the forward value date is NOT True.

The Other options a, c and d are all True.

The option a is True. Forward value date can be fixed on term in  number of days, weeks or months after the spot value date.

The Option c is True. The forward value date cannot be less than 2 business days after the contract date.

The Option d is True. The forward value date is to be considered from the agreement date.