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Viewing questions 61-75 out of questions
Questions # 61:

The seller of a floor:

Options:
A.

Receives compensation if a reference interest rate falls below an agreed level

B.

Pays compensation if a reference interest rate falls below an agreed level

C.

Receives compensation if a reference interest rate rises above an agreed level

D.

Pays compensation if a reference interest rate rises above an agreed level

Expert Solution
Questions # 62:

What is a “normal” shaped curve?

Options:
A.

Gradual positive slope

B.

Steep positive slope

C.

Flat

D.

Inverted

Expert Solution
Questions # 63:

When should confirmations be sent out?

Options:
A.

one day after the deal is done

B.

within two hours of the trade being booked and as soon as technologically possible

C.

immediately after having received the confirmation of the counterparty

D.

no later than the value date of the first leg of the transaction

Expert Solution
Questions # 64:

Under Basel rules the risk weight for AM-rated claims on corporates in the standardized approach is:

Options:
A.

0%

B.

15%

C.

20%

D.

75%

Expert Solution
Questions # 65:

You are quoted spot USD/NOK 5.7220-28 and USD/SEK 6.3850-58, at what price can you buy NOK against SEK?

Options:
A.

0.8963

B.

1.1157

C.

1.1159

D.

1.1160

Expert Solution
Questions # 66:

For which of the following might an MT370 be used?

Options:
A.

To confirm an FX transaction

B.

To advise the netting position of a currency in NDFS

C.

To advise changes in SSIs

D.

To confirm a MM transaction

Expert Solution
Questions # 67:

What is a short strangle option strategy?

Options:
A.

A short call option + long put option with a higher strike price than the call option

B.

A long call option + long put option with a lower strike price than the call option

C.

A short call option + short put option with a lower strike price than the call option

D.

A long call option + long put option with higher strike price than the call option

Expert Solution
Questions # 68:

You buy a 30-day 4% CD with a face value of GBP 20,000,000.00 at par when it is issued. You sell it in the secondary market after 10 days at 4.05%.

What is your holding period yield?

Options:
A.

4.05%

B.

3.891%

C.

3.838%

D.

1.946%

Expert Solution
Questions # 69:

A dealer has been invited by a broker to go to an exclusive club for the third time in a week. He should:

Options:
A.

agree, since entertainment is a normal part of business

B.

refer this to senior management

C.

agree but insist on paying half the cost

D.

agree, if the broker pays for the event but does not attend it

Expert Solution
Questions # 70:

Under Basel rules the meaning of CCF is:

Options:
A.

Currency Conversion Factor

B.

Credit Conversion Factor

C.

Credit Contribution Factor

D.

Credit Collateralization Factor

Expert Solution
Questions # 71:

How would you compute the bid side of the forward/forward FX swap points?

Options:
A.

bid side of the near leg swap points minus offered side of the far leg swap points

B.

bid side of the far leg swap points minus offered side of the near leg swap points

C.

offered side of the far leg swap points minus bid side of the near leg swap points

D.

offered side of the near leg swap points minus bid side of the far leg swap points

Expert Solution
Questions # 72:

Which is the day count/annual basis convention for SGD money market deposits?

Options:
A.

ACT/365

B.

ACT/360

C.

ACT/ACT

D.

30E/360

Expert Solution
Questions # 73:

Which of the following currency risks could only be hedged by a non deliverable forward (NDF)?

Options:
A.

an exposure in Latvian Lats (LVL)

B.

an exposure in Russian Rouble (RUB)

C.

an exposure in Romanian Leu (RON)

D.

an exposure in Bulgarian Lev (BGN)

Expert Solution
Questions # 74:

What is the purpose of an initial margin on a futures exchange?

Options:
A.

To cover losses incurred between variation margin payments

B.

To exclude retail investors

C.

To pay reserve requirements

D.

To cover fees due to the clearing house

Expert Solution
Questions # 75:

An Overnight Indexed Swap (OIS) is:

Options:
A.

A fixed-floating money market swap in which the floating rate is an overnight index fixed periodically over the term of the swap

B.

A fixed-floating money market swap in which the floating rate is the mean of the overnight index over the term of the swap

C.

A fixed-floating money market swap in which the floating rate is an overnight index compounded daily

D.

A floating-for-floating rate swap in different currencies in which both floating rates are overnight indexes compounded daily

Expert Solution
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Viewing questions 61-75 out of questions