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Viewing questions 81-90 out of questions
Questions # 81:

CHIPS is the name commonly used for the domestic clearing system in:

Options:

A.

London

B.

Frankfurt

C.

New York

D.

Hong Kong

Questions # 82:

What is the deadline for settling interbank spot-deals in EUR via the TARGET2 system?

Options:

A.

10:00 CET

B.

18:00 CET

C.

12:00 CET

D.

15:00 CET

Questions # 83:

With respect to financial payments, what does “bridge” mean?

Options:

A.

It refers to an electronic settlement between Euroclear and Clearstream

B.

It is an electronic settlement between Western Union and Clearcom

C.

It refers to the relationship between two correspondent banks

D.

It designates the exchange of payment orders between a nostro and a vostro account

Questions # 84:

Internationally, USD FRAs are settled with reference to which market rate?

Options:

A.

LIBOR

B.

FEDFUNDS

C.

LIBID

D.

EURIBOR

Questions # 85:

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?

Options:

A.

Saturday, 31 May

B.

Tuesday, 3 June

C.

Monday, 2 June

D.

Friday, 30 May

Questions # 86:

Which risk factors fall under counterparty risk?

Options:

A.

Currency risk, interest rate risk and swap risk

B.

Settlement risk, delivery risk and replacement cost

C.

Operational risk

D.

Settlement risk and swap risk

Questions # 87:

A payment is made from Germany to a second Euro zone country. Which international payment system would normally be used?

Options:

A.

TARGET2

B.

Euro Link System (ELS)

C.

Euroclear

D.

Clearstream

Questions # 88:

Internal nostro ledger accounts:

Options:

A.

Are commonly used to register off-balance sheet movements

B.

Are used to book internal tax related items

C.

Generally mirror the nostro statements

D.

Are reserved for audit and compliance purposes only

Questions # 89:

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

Questions # 90:

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

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