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Some large losses occurred in the past from derivatives trading because:
The payments due on a FRA are settled:
FX Swaps can be used to:
CLS stands for which of the following:
Which action results in the highest STP-Rate?
The depositary of your securities:
Which one of the following statements about "CLS rescinds" is correct?
A "turn of the month" deposit would be a transaction:
The purchase price of a coupon bond:
Whose compliance rules, regulations and best practices should be followed in FX electronic trading?
A Luxembourg based bank, which regularly buys American securities for its customers, will preferably:
A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?
If your trader has dealt a 6-month USD/JPY FX-swap, selling and buying USD 10,000,000.00, will you:
Your dealer has sold EUR 5,000,000.00 against USD at 1.3545. How much would you expect to receive in settlement?
Your agent bank accepts your back-valuation request for 1 day on an amount of EUR 50,000,000.00, EONIA is 0,375% and the ECB marginal lending facility rate is 1.50%. Applying conventional administration fees, how much will this be charged?
Major amendments to a prospectus can be made:
What are the three successive stages of money laundering?
When completing a nostro reconciliation, what does an unresolved ledger credit signify?
Which of the following is the best description of a broken trade”?
Which of the following statements apply to an FX Swap?
When do you use a SWIFT message type 202?
What financial product involves exchanging a fixed interest rate for a floating interest rate?
Which of the following best describes the main benefit of the RTGS payment system?
For which of the following transactions are proper and completed bilateral master agreements considered essential prior to any dealing?
What deals are usually associated with a collar?
A message received and accepted by SWIFT will be acknowledged with:
In the Euro deposit markets, what is spot?
What information is not explicitly confirmed between the two counterparties of a FX swap transaction using a MT 300?
You have five outstanding amounts with five different values. Which of the following should be investigated first?
What is the first task of the cash positions keeper every day?
What is the Bank Identifier Code (BIC)?
Which of the following is an example of market risk?
Which of the following is considered a good practice in trade confirmation?
On 15 April 2010 you buy a bond whose coupon falls on 15 January 2010. The interest basis is 30/360. Using bond settlement T+1, how many days do you apply for the interest calculation?
The use of netting in foreign exchange dealings has increased because it reduces:
You suspect that a colleague is guilty of embezzlement. What should you do?
You receive a trade to process with counterparty settlement instructions that differ from those you hold on your standard settlement instruction file (SSI).
How is the price of an interest rate swap (IRS) expressed?
Which one of the following bonds uses variable rates?
What is a nostro bank account?
Physical securities reconciliation software packages are based on:
Your FX swap dealer bought and sold 1 month GBP/USD 25,000,000,00; rates were set to 1,5305 against 1.5300. What payment is your bank expecting in a month from now?
Which of the following is essential for the effective and timely execution of outward payments?
In the weekend newspapers you read that one of your FX counterparties has gone into liquidation. You have no netting or close-out agreements in place with this counterparty and remember that you have one forward deal outstanding. What is the main risk affecting your bank?
The yield of a 1 month FRN in EUR depends on
The interest earned on a HUF 5.000.000.00 money market deposit for 90 days is HUF 62,500.00. What was the interest rate?
Which of the following is required for institutions acting as prime brokers?
What does LIBOR stand for?
Your dealer bought a 6x9 USD 4,000,000.00 FRA at 0.75%. Settlement is now due and 3 months (90 days) USD LIBOR is 0.40%. What amount do you pay or receive?
The use of a bilateral netting scheme for FX settlements results in:
Which department is responsible for originating deals?
A message received but not accepted by SWIFT will be acknowledged with:
If not mentioned in the master agreement, the operational process should be supported by establishing a legally binding netting agreement. What do parties not need to agree upon?
The owner of a convertible bond:
Payments to the wrong correspondent, payments in the wrong amount, late or duplicate payments are considered:
If you had bought USD/CNY at 6.2500 in a NDF and if it fixed at a spot rate of 6.3000, you would expect to:
If today is Wednesday, what are the value days of a spot next money market deal assuming there are no intervening bank holidays?