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NEW QUESTION: 1
If your trader has dealt a 6-month USD/JPY swap, selling and buying USD 10 million, will you:
A. be required to obtain and execute the ICMA Master Agreement to document the transaction
B. expect a credit statement on your JPY nostro account on the near date
C. anticipate no movement of principal, but a cash settlement on the far date
D. need to instruct your USD nostro bank to pay out USD on the far date
Answer: B

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