NO.PZ2023041102000001
问题如下：
Mehmet asks Smith to assist with a trade involving a US multinational customer operating in Europe and Japan. The customer is a very cost conscious industrial company with a AA credit rating and strives to execute its currency trades at the most favorable bid/offer spread.
The client wants to lock in a trade involving the Japanese yen and the Euro as early as possible the next morning, preferably by 8:05 AM New York time.
The factor least likely to lead to a narrow bid/offer spread for the industrial company’s needed currency trade is the:
选项：
A.timing of its trade. B.company’s credit rating. C.pair of currencies involved.解释：
While credit ratings can affect spreads, the trade involves spot settlement, i.e. two business days after the trade date, so the spread quoted to this highly rated (AA) firm is not likely to be much tighter than the spread that would be quoted to a somewhat lower rated (but still high quality) firm. The relationship between the bank and client, the size of the trade, the time of day the trade is initiated, the currencies involved and the level of market volatility are likely to be more significant factors in determining the spread for this trade.While credit ratings can affect spreads, the trade involves spot settlement, i.e. two business days after the trade date, so the spread quoted to this highly rated (AA) firm is not likely to be much tighter than the spread that would be quoted to a somewhat lower rated (but still high quality) firm.
