Whose compliance rules, regulations and best practices should be followed in FX electronic trading?
Which of the following is characteristic of derivative instruments?
Some large losses occurred in the past from derivatives trading because:
The calculation method of the foreign exchange rates for value today or for value tomorrow outrights:
The risk associated with the failure of the overall financial system is best described as:
Your dealers have made the following deals in spot USD/JPY:
Sold USD 5,000,000.00 at 93.60
Bought USD 3,500,000.00 at 93.20
Bought USD 2,000,000.00 at 93.50
Sold USD 2,000,000.00 at 93.55
What is your position?
Which one of the following statements about "CLS rescinds" is correct?
The control failings involving Barings and Daiwa highlight the critical importance of what operational risk management practice?
Minimum reserves at the European Central Bank are:
Calculation basis for EUR money market transaction is:
Your dealer has sold EUR 5,000,000.00 against USD at 1.3545. How much would you expect to receive in settlement?
When a deal is done via a broker:
The two main risks to which treasuries are exposed can be grouped into:
Internal nostro ledger accounts:
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:
Which of the following is the primary responsibility of an Operations Department?
Which of the following are considered best practices?
Open position and exchange risk management by currency belongs to which treasury system module?
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?
If today is Wednesday, what are the value days of a spot next money market deal assuming there are no intervening bank holidays?
If the EUR/USD is quoted to you as 1.3550-53, what does this price represent?
Which of the following are products used in bank liquidity management?
In order to be introduced in a controlled manner, which areas should be involved before a new product or business strategy is launched?
Regarding access to production systems, which of the following is incorrect?
The owner of a convertible bond:
On the sale of a CD, the seller:
To ensure effective risk management within a large financial institution, the head of risk management should report to:
Settlement prices on futures contracts are:
Where is the bank with the BIC-address "BOJPJPJT" located?
How could you close out a futures contract?
Which of the following are considered money market, cash or derivative instruments?
Which of the following is a fundamental element or module in the “securities dealing and processing” part of a treasury system?
What does “modified following business day convention” mean?
Which of the following best describes the main benefit of the RTGS payment system?
What is a junk bond?
You have five outstanding amounts with five different values. Which of the following should be investigated first?
According to ISDA definitions, if an USD IRS payment is due value Saturday, 31 May and the documentation states that the “modified following business day convention” will be used, what value date should be applied to the payment?
Which interest rates are used to calculate the exchange rate of an outright transaction value tomorrow (over tom)?
A EUR based bank has a USD-convertible bond. What market risks are present?
What is the primary role of the position-keeper in a dealing room?
The use of standard settlement instructions (SSI’s) is strongly encouraged because:
What is the most important feature of a brokerage reconciliation?
Which of the following processes are offered by the CLS settlement system?
What is the most frequently used settlement process for securities?
Which SWIFT message type family is used for securities transactions?
Why is securities reconciliation necessary?
Which of the following risks is best mitigated by CLS?
Which SWIFT message type is a nostro cash reconciliation software package based on?
In FX swaps, the rate of the spot leg:
If a bank incurs interest charges from having overdrawn an account due to a late payment from a counterparty:
Which one of the following statements about claims is true?
A bond selling at a discount will be selling for:
What is the advantage of instantaneous matching?
Why should the maturity profile of unreconciled items be frequently reviewed?
The writer of an options contract:
When completing a nostro reconciliation, what does an outstanding statement credit possibly signify?
Physical securities reconciliation software packages are based on: