3 Months Free Update
3 Months Free Update
3 Months Free Update
Which combination of risks: market risk, settlement risk, basis risk, counterparty risk, is associated with a forward FX deal?
A dealer makes the following deals in EUR/USD:
Sells EUR 1,500,000.00 at 1.3560
Buys EUR 3,250,000.00 at 1.3542
Sells USD 2,709,600.00 at 1.3548
Buys USD 1,762,410.00 at 1.3557
What is the dealer's position as a result of these trades?
Which of the following statements about "standard settlement instructions" (SSI) is correct?
You receive a trade to process with counterparty settlement instructions that differ from those you hold on your standard settlement instruction file (SSI).
When completing a nostro reconciliation, what does an outstanding statement credit possibly signify?
You have 10 credited amounts of 1 million each with same value date and same currency. Which of the following items is most helpful in reconciling these amounts?
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 CLS-Bank (Continuous Linked Settlement) is one of the ways through which FX transactions can be settled. Why was this bank founded?
You take a EUR deposit on Monday, 13 February. Assuming there are no intervening bank holidays, what is the one-month maturity date?
What is the deadline for settling interbank spot-deals in EUR via the TARGET2 system?
Which clearing system allows a transfer to be settled with immediate finality?
Internationally, USD FRAs are settled with reference to which market rate?
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?
Which one of the following excerpts completes this statement of a best market practice? “Any exception to the confirmation process should be resolved?
You have five outstanding amounts with five different values. Which of the following should be investigated first?
If an overnight EUR/USD FX swap is traded on Tuesday, 19 June, and there are no currency holidays during the week of June 18 - 22, what would be the value dates of the two swap legs?
Which of the following is required for institutions acting as prime brokers?
If today is Thursday, 12 December, what is the spot date for a EUR/USD transaction?
When should discrepancies between front-office and back-office systems be resolved?
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?
The discount or premium on forward foreign exchange points is calculated based on:
You are an issuer of a straight bond and you want to change your exposure from a fixed rate to a floating rate because you expect a fail in interest rates. What would you do?
What type of documentation is recommended for repos in the international markets?
The difference between the bid and the offer rate of a money market quotation is called: