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VCE
The prompt sending and checking of confirmations is considered a best practice when dealing in:
A. amounts higher than USD 10,000,000.00 or the equivalent in other currencies
B. amounts higher than USD 1,000,000.00 or the equivalent in other currencies
C. any amount unless dealt via a broker
D. any amount by any counterparty
The organization SWIFT belongs to:
A. the participants (users) of this system
B. the Central Bank of Belgium
C. the European Central Bank
D. the IMF
The premium for a EUR/USD vanilla FX option is paid:
A. when the option is exercised
B. two business days after the trade
C. when the option transaction takes place, and it is repaid to the buyer when he exercises the option
D. in monthly installments until the option is exercised