If the Value Date of Forward USD/JPY Transactions Is Declared

Multiple Choice

If the value date of forward USD/JPY transactions is declared a holiday in either New York or Tokyo, the correct value date will be:

A) The value date of the centre which is open.
B) The next business day of the centre which is closed.
C) The next business day when both NewYork and Tokyo are open.
D) None of the above.