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Exam UAE-Financial-Rules-and-Regulations Topic 1 Question 14 Discussion

Actual exam question for CISI's UAE-Financial-Rules-and-Regulations exam
Question #: 14
Topic #: 1
The last trading day for an India Gold Quanto Futures contract is:

Suggested Answer: B Vote an answer

For India Gold Quanto Futures contracts, the last trading day is defined as two business days prior to the last business day of the delivery month. This rule ensures that there is adequate time for the settlement and adjustment of any open positions before the final day of trading. The two-day buffer also allows for the reconciliation of positions, making the futures market more efficient and reducing the likelihood of disputes regarding settlement. This is in line with global standards for futures contracts where the settlement and final trading days are clearly defined to protect market integrity and investor interests.
Reference: CISI UAE Financial Rules and Regulations - Futures Contract Trading, Section 8.2.4 (2023).

by Pete at Sep 26, 2025, 03:18 PM

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