Due to an error by your dealers, your bank is 5 days late in paying EUR 10,000,000.00. Your correspondent bank says it will charge you 6% p.a. plus reserve costs of EUR 1.00 per thousand. How much will your account be charged for this overdraft?
Your dealers have made the following deals in spot USD/JPY:
Sold USD 5,000,000.00 at 93.60
Bought USD 3,500,000.00 at 93.20
Bought USD 2,000,000.00 at 93.50
Sold USD 2,000,000.00 at 93.55
What is your position?
Counterparties, such as prime brokers, who provide others access to liquidity venues are responsible for their end users. They are not liable for:
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:
What are the value dates of a torn next money market trade dealt Friday, 13 August?
The standard benchmark measure used for the cost of funds in the London Market is:
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?
If a dealer buys 1,000,000,00 EUR/USD at 1.3522, 2,000,000,00 EUR/USD at 1.3532, 3,000,000.00 EUR/USD at 1.3575 and sells 1,000,000,00 EUR/USD at 1.3585, what position is he left with?
If the 90-day rate is 3.10% and the 180-day is 3.50%, what is the 120-day rate using straight-line interpolation?
A payment is made from Germany to a second Euro zone country. Which international payment system would normally be used?
Which one of the following statements regarding the segregation of duties in the confirmation process is incorrect?
You bought a 6x9 EUR 8,000,000.00 FRA at 0.75%. Settlement is now due and 3 months (90 days) EURIBOR is 0.25%. What amount do you pay or receive?
In a scenario where long-term interest rates are higher than short-term interest rates, the yield curve would best be described as:
Your FX swap dealer sold and bought 2 months USD/CHF 10,000,000.00; rates were set to 0.9300 against 0.9285. What payment is your bank expecting in two months from now?
With regard to operational risk awareness, which of the following best practices is incorrect?
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:
In what order would the currencies of the major currency pairs generally be quoted in forex?
For the third time in a month, a back office clerk has been questioned by one of his spot FX dealers about back office payment authorization and confirmation procedures. What should he/she do?
When an over-the-counter broker executes an order for your bank, what information is required on the confirmation you are sent?
What type of documentation is recommended for repos in the international markets?
Your dealer bought a 6x9 USD 4,000,000.00 FRA at 0.75%. Settlement is now due and 3 months (90 days) USD LIBOR is 0.40%. What amount do you pay or receive?
If manual trade capture methods are used, when should deals be recorded in systems used for this purpose?
Which of the statements about pricing on electronic trading platforms is incorrect?
Your dealer has sold USD 10,000,000.00 against JPY at a rate of 95.00. In settlement you would expect to:
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TESTED 28 Apr 2024
