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Can anyone explain about this matter?!?!

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Fri, 04/09/2010 - 05:41
docta
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Question : Where a reimbursment is on Friday 22 April under a 60 days tenor draft  that was accepted on Monday 21 Februaty. Which of the following would be MOST effective claming date to protect the negotiationg bank's interest from any possible losses in obtaining the reimbursement?(Saturday and Sunday are banking holidays)

a. Immediately upon the maturity date is fixed

b. From Friday 08 April to Friday 22 April.

c. From Friday 08 April to Tuesday 19 April.

d. From Tuesday 12 April to Tuesday 19 April.

 

Answer was "c"

 

I appreciate it in advance, if someone explain it.

Best regards,

Daniel Gim

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Fri, 04/09/2010 - 07:04
#1
Abrar
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Question

Personally, this is an example of a badly phrased and unclear question. Does it mean "maturity date" instead of "reimbursement"?

The answer could be a, c or d. For example, why could a claim not be made immediately on the maturity date being fixed?

The question does not make it clear whether the draft has been accepted and forwarded to the negotiating bank for representation, or whether it has been retained at the accepting bank's counters.

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Sun, 04/11/2010 - 09:04
#2
Becky
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CDCS exam Question

Hi Daniel, 

I'm sitting for this year CDCS Exam as well. Can you forward me the CDCS exam question to my email address  

rebecca-chew@hotmail.com.

You kind assistant is highly appreciated. 

 

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