Most non deliverable forwards (NDFs) are cash-settled in:
Which of the following is true about interest rate swaps (IRS)?
An input message for the SWIFT network is composed of up to which five parts?
What is a SWIFT message type 210?
In FX trading a “third party beneficiary” is best described as:
Which of the following types of payment demands extra diligence and review procedures?
Which clearing system allows a transfer to be settled with immediate finality?
You bought a 6x9 EUR 8,000,000.00 FRA at 0.75%. Settlement is now due and 3 months (90 days) EURIBOR is 0.25%. What amount do you pay or receive?
Which of the following statements best describes collateral?
Major amendments to a prospectus can be made:
On Friday, your trader lends GBP 10,000,000.00 overnight at 0.60%. The instructions are for repayment of principal + interest. How much would you expect to be repaid?
Which of the following are considered money market, cash or derivative instruments?
A USD 1,0000,000.00 US Treasury Bill (91 days) is offered at a discount rate of 0.75%. The offer price will be:
Which of the following is the best description of a broken trade”?
If the 90-day rate is 3.10% and the 180-day is 3.50%, what is the 120-day rate using straight-line interpolation?
A yield curve can be drawn for a wide variety of financial instruments. The most widely analyzed yield curves are those for benchmark instruments such as:
If your trader has dealt a 6-month USD/JPY FX-swap, selling and buying USD 10,000,000.00, will you:
What happens if an instruction remains unmatched and/or unsettled through CLS Bank?
Which of the following is characteristic of derivative instruments?
In the US commercial paper market, commercial paper is limited to:
In the event that standard settlement instructions are provided by a third party, full authentication and authorization of those SSIs should be independently performed by?
What are "de minimis" claims?
A redemption premium for a bond is:
The risk associated with the failure of the overall financial system is best described as:
What are the value dates of a torn next money market trade dealt Friday, 13 August?
What is the main role of back office staff?
Rising interest rates will cause:
If a dealer buys 1,000,000,00 EUR/USD at 1.3522, 2,000,000,00 EUR/USD at 1.3532, 3,000,000.00 EUR/USD at 1.3575 and sells 1,000,000,00 EUR/USD at 1.3585, what position is he left with?
A "turn of the month" deposit would be a transaction:
A UK Treasury Bill has 91 days to maturity. Its redemption value is GBP 100,000.00, What is the purchase price of this bill using a discount rate of 1,25% per annum?
If today's spot date were Friday, 27 February, what would the normal one-month deposit maturity date be? (Assume there are no bank holidays)
Open position and exchange risk management by currency belongs to which treasury system module?
What is a straddle?
If the EUR/USD is quoted to you as 1.3550-53, what does this price represent?
What does LIBOR stand for?
A bank in Luxembourg has dealt an interbank money market trade with a Canadian bank and must pay USD. Whom does the Luxembourg bank you instruct for payment?
In trading, which is the most often used deal capture system?
If today is Wednesday, what are the value days of a spot next money market deal assuming there are no intervening bank holidays?
In what order would the currencies of the major currency pairs generally be quoted in forex?
The owner of a convertible bond:
When is the settlement amount of a FRA normally payable?
What are the major objectives of the Model Code?
If a GBP/CHF trade is made on the spot foreign exchange market on Tuesday, when will the two currencies be settled if tomorrow (Wednesday) is a bank holiday in the U.K.?
The fixing of a EUR FRA usually takes place:
What is the meaning of settlement (Herstatt) risk?
What is the Bank Identifier Code (BIC)?
Which of the following is a US payment system?
Which of the following is a description of a long OTC foreign currency option position?
What guidelines does the Model Code provide concerning the practice in the interbank market of only one party to a transaction sending a written confirmation?
As far as interest rate swaps are concerned, which risk is reduced or eliminated when a close-out netting agreement is in place?
A counterparty pays your bank USD 10,000,000.00 5 days late requiring you to pay overdraft charges of 8% p.a. What expenses would you claim from the counterparty in GBP at an exchange rate of 1.6000?
An American-style option is:
If a bank incurs interest charges from having overdrawn an account due to a late payment from a counterparty:
Your bank purchases a FRA at 0.75% in USD. Under what conditions will you pay a cash settlement?
If the maturity of a straight 3-month deposit fails on a Saturday, which is also the last day of the month, what will be the final end date of this transaction?
Which of the following is an example of market risk?
What is the advantage of instantaneous matching?