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Viewing page 14 out of 15 pages

Viewing questions 196-210 out of questions

Questions # 196:

What steps will the CFP of the ACI probably not undertake after having been formally notified by one of the parties of a breach of the letter or spirit of the Model Code?

Options:

consult the local ACI national association

bring the matter to the appropriate court of justice

examine the complaint

bring the matter to the attention of the appropriate regulatory body

Expert Solution

Questions # 197:

If spot GBP/CHF is quoted 1.4275-80 and the 3-month forward outright is 1.4254-61, what are the forward points?

Options:

19/21

2.1/1.9

21/19

0.21/0.19

Expert Solution

Questions # 198:

A euro zone-based bank that is asset-sensitive to market interest rate changes might reduce interest rate risk by:

Options:

entering into a pay fixed I receive variable standard interest rate swap

entering into a receive fixed I pay variable standard interest rate swap

entering into a pay fixed / receive variable amortizing interest rate swap

entering into a GBP/USD FX swap

Expert Solution

Questions # 199:

What is a short straddle option strategy?

Options:

A long call option + long put option with the same strike prices

A short call option + short put option with the same strike prices

A long call option + short put option with the same strike prices

A short call option + long put option with the same strike prices

Expert Solution

Questions # 200:

A Eurodollar futures price of 99.685 implies:

Options:

A forward-forward rate of 0.685%

A forward-forward rate of 0.315%

Current 3-month LIBOR of 0.6850%

Current 3-month LIBOR of 0.3150%

Expert Solution

Questions # 201:

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

Options:

To cover losses incurred between variation margin payments

To exclude retail investors

To pay reserve requirements

To cover fees due to the clearing house

Expert Solution

Questions # 202:

Which one of the following is a major objective of ACI-The Financial Markets Association?

Options:

to promote globalization and deregulation of the financial markets

to maintain the professional level of competence and to disseminate a high level of ethical and professional behavior

to act as the official international market regulator in the absence of government regulation

to become the sole global corporation of wholesale financial market professionals

Expert Solution

Questions # 203:

A futures clearing house is:

Options:

The buyer to each seller and the seller to each buyer

A clearing agent only

The self-regulatory organization for the futures exchange

The owner of the futures exchange

Expert Solution

Questions # 204:

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

Options:

ACT/365

ACT/360

ACT/ACT

30E/360

Expert Solution

Questions # 205:

The weighted average duration of liabilities can be increased by:

Options:

buying additional 30-year German Government bonds

selling futures contracts on 30-year German Government bonds

buying futures contracts on 10-year German Government bonds

exercising an early repayment option on a long-term senior borrowing

Expert Solution

Questions # 206:

You quote a price to a broker. It is hit by another bank, but you are not informed until some time afterward that the deal has been done. Who is to blame?

Options:

You are, as it is your responsibility to check periodically that the price has not been dealt upon.

The broker is, as he must immediately tell you that your price has been dealt upon.

The other bank is, since it did not immediately seek confirmation.

All the parties, particularly you and the other bank.

Expert Solution

Questions # 207:

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

Options:

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

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

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

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

Expert Solution

Questions # 208:

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:

4.05%

3.891%

3.838%

1.946%

Expert Solution

Questions # 209:

The seller of a call option has:

Options:

Substantial opportunity for gain and limited risk of loss

Substantial risk of loss and substantial opportunity for gain

Limited risk of loss and limited opportunity for gain

Substantial risk of loss and limited opportunity for gain

Expert Solution

Questions # 210:

A US security yields 7% on an annually-compounded bond basis. What is the equivalent annually- compounded money market yield?

Options:

7.09%

7.03%

6.90%

6.95%

Expert Solution

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