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What ought to be done in the event a trade erroneously occurs at an off-market rate?
Which SWIFT message should be used to advise the netting position of a currency resulting from FX, NDF, options and other trades?
If manual trade capture methods are used, when should deals be recorded in systems used for this purpose?
What is the rate of interest paid by the European Central Bank on cash amounts exceeding the minimum reserve requirement (excess reserves)?
A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?
Your forward CHF dealer asks you, the junior settlements clerk, to amend revaluation rates for the forward CHF book before they are submitted to the risk management department for input. What should you do?
Two days ago, your dealer sold EUR 500,000.00 against JPY. JPY 62,750,000 were credited to your JPY nostro account. The deal was made at what rate?
The effective Euro overnight reference rate, computed as a weighted average of ail overnight unsecured lending transactions undertaken in the interbank market and computed with the help of the European Central Bank, is called:
What risks arise from not receiving the securities purchased or not receiving payment for securities sold?
Commercial Paper for USD 5,000,000.00 was issued at 0.75%, which you now buy to yield 0.50%. What would you expect to pay?
Which of the following characterize "delivery against payment" also known as "delivery versus payment"?
If your trader has dealt a 6-month USD/JPY FX-swap, selling and buying USD 10,000,000.00, will you:
Which of the following best describes the main benefit of the RTGS payment system?
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 combination of risks: market risk, settlement risk, basis risk, counterparty risk, is associated with a forward FX deal?
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?
Whose compliance rules, regulations and best practices should be followed in FX electronic trading?
Your money market dealer has lent NZD 5,000,000.00 at 3,00% for 6 months (183 days). How much must the counterparty pay back to you in capital plus accrued interest at maturity?
A Luxembourg based bank, which regularly buys American securities for its customers, will preferably:
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?
For which of the following transactions are proper and completed bilateral master agreements considered essential prior to any dealing?
What information is not explicitly confirmed between the two counterparties of a FX swap transaction using a MT 300?
Which one of the following statements regarding the segregation of duties in the confirmation process is incorrect?
You have just opened a position in EUR/USD that you run overnight. What risk is present?
A Certificate of Deposit (CD) was issued at 2.50% which you now purchase at 1.75%. What would you expect to pay?
You spot a rate discrepancy between you and your counterparty on a AUD/USD deal. The deal was traded direct. You refer the discrepancy to the dealer and he tells you to change the rate.
What should you do?
Which of the following are considered money market, cash or derivative instruments?
Which SWIFT message formats would you use for a foreign exchange confirmation and fixed money market confirmation, respectively?
A month ago, a customer placed NZD 100,000.00 at 2.00% on a time deposit for 90 days. Today,
30 days later, he requests an anticipated close of his deposit. 2 and 3 month interbank rates are
2.10% bid and 2.20% offered. What do you do?
A payment is made from Germany to a second Euro zone country. Which international payment system would normally be used?
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?
Your bank purchases a FRA at 0.75% in USD. Under what conditions will you pay a cash settlement?
Due to an error by your dealers, your bank is 5 days late in paying EUR 10,000,000.00. Your correspondent bank says it will charge you 6% p.a. plus reserve costs of EUR 1.00 per thousand. How much will your account be charged for this overdraft?
The discount or premium on forward foreign exchange points is calculated based on:
You request use of funds from your agent bank for 2 days on an amount of EUR 25,000,000.00. EONIA is 0.790% on the first day and 0.836% on the second day. The ECB deposit facility rate is 0.75% on both days. What use of funds settlement amount should you expect?
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)
Your agent bank accepts your back-valuation request for 1 day on an amount of EUR 75,000,000.00. EONIA is 1.312% and the ECB marginal lending facility rate is 1.50%. Applying conventional administration fees, how much will this be charged?
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?
What documents and/or information should you hold in order to start an investigation?
A 7% bond, maturing in 10 years, is selling at 92.00. What is its current yield?
By what means should a financial institution preferably submit SSI changes and notifications to its clients?
Who is in charge of maintaining complete records of all transactions and any additional documentation in accord with internal guidelines and regulatory requirements?
When is the final cut-off time for foreign payment orders in the Fedwire Funds Service?
In what order would the currencies of the major currency pairs generally be quoted in forex?
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 statements about the time frame for claims is incorrect?
If a spot next EUR/USD FX Swap is traded on Monday, 18 August, and there are no holidays in the relevant currencies during the week of August 18 - 22 what would be the value dates of the two swap legs?
Which of the following types of payment cannot be executed in the United States?
As far as interest rate swaps are concerned, which risk is reduced or eliminated when a close-out netting agreement is in place?
Under normal circumstances, which of the following is a non-negotiable instrument?
Your dealer has sold a 3x6 AUD 10,000,000.00 FRA at 3.10%. On settlement day the 3-month (90- day) fixing is 3.00%. What would you do?
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?
Which SWIFT message type is a nostro cash reconciliation software package based on?
The coupon of this type of bond can be based on a country's CPI (Consumer Price Index);
When completing a nostro reconciliation, what does an unresolved ledger debit signify?
What is the documentation in which the parties agree to the terms that will govern future transactions?
TESTED 21 Nov 2024