ACI Dealing Certificate (#24)

You have quoted spot USD/CHF at 0.9423-26. Your customer says “I take 5”. What does he mean?

He buys CHF 5,000,000.00 at 0.9423
He buys CHF 5,000,000.00 at 0.9426
He buys USD 5,000,000.00 at 0.9423
He buys USD 5,000,000.00 at 0.9426