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What normally happens on the settlement date of a USD/TWD non deliverable forward (NDF)?
If you execute a sale of bonds, and the securities have not been delivered 2 days after you have received payment on the agreed settlement date, which of the following is correct:
Counterparties, such as prime brokers, who provide others access to liquidity venues are responsible for their end users. They are not liable for:
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?
Your agent bank accepts your back-valuation request for 1 day on an amount of EUR 50,000,000.00, EONIA is 0,375% and the ECB marginal lending facility rate is 1.50%. Applying conventional administration fees, how much will this be charged?
The risk associated with the failure of the overall financial system is best described as:
The standard benchmark measure used for the cost of funds in the London Market is:
Who is in charge of maintaining complete records of all transactions and any additional documentation in accord with internal guidelines and regulatory requirements?
Payments to the wrong correspondent, payments in the wrong amount, late or duplicate payments are considered:
The risk that an institution will experience a loss on a trade or a position due to an adverse exchange/interest rate movement is best described as:
The discount or premium on forward foreign exchange points is calculated based on:
The difference between the bid and the offer rate of a money market quotation is called:
You are in the pub with a friend who works for another financial institution. The friend asks you for information about a mutual customer's forward foreign exchange dealing volumes. What should you do?
Which of the following factors must be considered when making interbank EUR payments in RTGS systems between 17:00 CET and 18:00 CET with same day value?
You have 10 credited amounts of 1 million each with same value date and same currency. Which of the following items is most helpful in reconciling these amounts?
As regards controls, which of the following best practices for counterparty identification is incorrect?
A dealer, seeking to refinance a money market short position in USD, could choose to:
A counterparty pays your bank USD 10,000,000.00 5 days late requiring you to pay overdraft charges of 8% p.a. What expenses would you claim from the counterparty in GBP at an exchange rate of 1.6000?
Which one of the following excerpts completes this statement of a best market practice? “Any exception to the confirmation process should be resolved?
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?
TESTED 29 Apr 2024