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      Question

      For a market participant executing non-derivative

      foreign exchange transactions, what is the minimum monetary threshold at or above which an LEI code becomes mandatory?
      A USD 100,000 Correct Answer Incorrect Answer
      B USD 500,000 Correct Answer Incorrect Answer
      C USD 1 million Correct Answer Incorrect Answer
      D USD 5 million Correct Answer Incorrect Answer
      E USD 10 million Correct Answer Incorrect Answer

      Solution

      For non-derivative foreign exchange transactions, clients and users are required to hold and report an LEI code only if the single transaction amount is equal to or exceeds USD 1 million (or its equivalent in other currencies).

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