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Viewing questions 16-30 out of questions

Questions # 16:

Written confirmation is a function that can be done by:

Options:

Any dealer as long as he/she is not a party to the trade.

Staff in the back-office.

Staff in the dealing room who are not dealing.

Any staff outside the dealing room.

Expert Solution

Questions # 17:

If spot GBP/CHF is quoted 2.3875-80 and the 3-month forward outright is 2.3660-70, what are the forward points?

Options:

21.5/21

210/215

215/210

21/21.5

Expert Solution

Questions # 18:

Confirmations should be sent out by both counterparties through an efficient and secure means of communication, preferably electronic:

Options:

Within 24 hours of the deal.

Within two business days of the deal.

Before the value date.

As soon as possible.

Expert Solution

Questions # 19:

Risk capital is intended to ensure that an institution can:

Options:

Survive a liquidity crisis

Absorb credit losses

Absorb any type of unexpected loss

Absorb any type of expected loss

Expert Solution

Questions # 20:

When you are accepting a stop loss order, you must:

Options:

Ensure that your counterparty understands the terms under which your bank accepts the order.

Ensure that your counterpart can be contacted in the event of unusual situations or events or extremely volatile market conditions.

Ensure that your counterparty understands that any guarantee or fixed price execution requires agreement in writing.

All of the above.

Expert Solution

Questions # 21:

Your are quoted the following rates:

spot CHF/JPY 60.12-22

3M CHF/JPY 25.5/22.5

At what rate can you buy 3-month outright JPY against CHF?

Options:

79.995

79.965

79.895

79.865

Expert Solution

Questions # 22:

Fraud is typically classified as:

Options:

Credit risk

Market risk

Legal risk

Operational risk

Expert Solution

Questions # 23:

If 6-month EUR/AUD is quoted at 29/32, which of the following statements is correct?

Options:

EUR rates are higher than AUD rates in the 6-month

AUD rates are higher than EUR rates in the 6-month

There is a positive EUR yield curie

There is not enough information to decide

Expert Solution

Questions # 24:

What is a Vostro account?

Options:

Your account at another bank

A foreign bank’s account in your bank in your domestic currency

An account in your bank used for internal transactions

A customer’s account at your bank

Expert Solution

Questions # 25:

A forward-forward loan creates an exposure to the risk of:

Options:

Higher interest rates

Lower interest rates

Steepening yield curve

Parallel shift downwards in the yield curve

Expert Solution

Questions # 26:

How much is a big figure worth per million of base currency it EUR/GBP is 0.6990?

Options:

GBP 10,000

EUR 10,000

GBP 6,990

EUR 6,990

Expert Solution

Questions # 27:

Which of the following are quoted in terms of a discount rate?

Options:

USTreasury bill

Interbank deposit

ECP

Expert Solution

Questions # 28:

A sold JUN 3-month STIR-future should be reported in the gap report as of 22 May:

Options:

as a given deposit with a term of one month and a taken deposit with a term of four months

as a taken deposit with a term of one month

as a taken deposit with a term of one month and a given deposit with a term of four months

as a given deposit with a term of four months

Expert Solution

Questions # 29:

A Eurozone-based bank that is liability-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 amortizing interest rate swap

entering into a EUR/USD FX swap

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

Expert Solution

Questions # 30:

The mid-rate for USD/CHF is 1.3950 and the mid-rate for AUD/USD is 0.7060. What is the midrate for CHF/AUD?

Options:

0.9849

1.0154

1.9759

0.5061

Expert Solution

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