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Viewing questions 11-20 out of questions
Questions # 11:

Which settlement system offers the lowest risks?

Options:
A.

EBA

B.

CLS

C.

TARGET2

D.

CHAPS

Expert Solution
Questions # 12:

A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?

Options:
A.

MT 202 and MT 103

B.

MT 202 and MT 210

C.

MT 200 and MT 103

D.

MT 103 and MT 210

Expert Solution
Questions # 13:

A redemption premium for a bond is:

Options:
A.

Always paid in case of an early redemption

B.

Paid, if stipulated in the prospectus, at an early redemption

C.

Always paid at final maturity

D.

Only paid if a bond is redeemed after its initially scheduled maturity

Expert Solution
Questions # 14:

A forward rate agreement (FRA) is:

Options:
A.

A future rate agreement involving two different currencies

B.

An interest rate agreement where buyer and seller will exchange an interest rate differential at a given date in the future

C.

An interest rate to be applied to a loan or deposit that begins and matures in the future

D.

An agreement to exchange cash flows starting on a specific date in the future

Expert Solution
Questions # 15:

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?

Options:
A.

The face value of 5,000,000.00

B.

More than 5,000,000.00

C.

Less than 5,000,000.00

D.

Cannot decide based on the information supplied

Expert Solution
Questions # 16:

Which combination of risks: market risk, settlement risk, basis risk, counterparty risk, is associated with a forward FX deal?

Options:
A.

Market risk and settlement risk

B.

Market risk, settlement risk and basis risk

C.

Market risk, settlement risk and counterparty risk

D.

Settlement risk and counterparty risk

Expert Solution
Questions # 17:

Minimum reserves at the European Central Bank are:

Options:
A.

Never remunerated

B.

Remunerated at the EONIA rate

C.

Remunerated at the rate of the deposit facility

D.

Remunerated at the main refinancing rate

Expert Solution
Questions # 18:

Which of the following is considered a non-negotiable instrument?

Options:
A.

Certificate of Deposit (CD)

B.

FRA

C.

US Treasury Note

D.

ECP

Expert Solution
Questions # 19:

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?

Options:
A.

Short EUR 2,450,000.00 at 1.3528

B.

Long EUR 2,450,000.00 at 1.3528

C.

Long EUR 2,000,000.00 at 1.3532

D.

Long EUR 2,450,000.00 at 1.3525

Expert Solution
Questions # 20:

What are "de minimis" claims?

Options:
A.

Claims of less than USD 100.00

B.

Claims of less than USD 1,000.00

C.

Claims of less than EUR 100.00

D.

Claims of less than EUR 1,000.00

Expert Solution
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