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What needs to be done in the event that a trade is amended by one or both parties?
Which interest rates are used to calculate the exchange rate of an outright transaction value tomorrow (over tom)?
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?
Which SWIFT message formats would you use for a foreign exchange confirmation and fixed money market confirmation, respectively?
What are the consequences for credit risk when a collateral agreement is added to a netting agreement?
Which of the following currency risks could only be hedged by a non deliverable forward (NDF)?
A bank in Luxembourg has dealt an interbank money market trade with a Canadian bank and must pay USD. Whom does the Luxembourg bank you instruct for payment?
If a GBP/CHF trade is made on the spot foreign exchange market on Tuesday, when will the two currencies be settled if tomorrow (Wednesday) is a bank holiday in the U.K.?
A yield curve can be drawn for a wide variety of financial instruments. The most widely analyzed yield curves are those for benchmark instruments such as:
Whose compliance rules, regulations and best practices should be followed in FX electronic trading?
Your money market dealer has lent NZD 5,000,000.00 at 3,00% for 6 months (183 days). How much must the counterparty pay back to you in capital plus accrued interest at maturity?
Counterparties, such as prime brokers, who provide others access to liquidity venues are responsible for their end users. They are not liable for:
A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?
What risks arise from not receiving the securities purchased or not receiving payment for securities sold?
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?
A UK Treasury Bill has 91 days to maturity. Its redemption value is GBP 100,000.00, What is the purchase price of this bill using a discount rate of 1,25% per annum?
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?
Your agent bank accepts your back-valuation request for 1 day on an amount of EUR 75,000,000.00. EONIA is 1.312% and the ECB marginal lending facility rate is 1.50%. Applying conventional administration fees, how much will this be charged?
Which of the following is not considered a best practice concerning access to electronic trading systems?
In what order would the currencies of the major currency pairs generally be quoted in forex?
The interest earned on a HUF 5.000.000.00 money market deposit for 90 days is HUF 62,500.00. What was the interest rate?
With regard to operational risk awareness, which of the following best practices is incorrect?
Which of the following is an example of a foreign currency nostro account from the perspective of a bank in London?
Your dealer has sold USD 10,000,000.00 against JPY at a rate of 95.00. In settlement you would expect to:
If manual trade capture methods are used, when should deals be recorded in systems used for this purpose?
The CLS-Bank (Continuous Linked Settlement) is one of the ways through which FX transactions can be settled. Why was this bank founded?
What guidelines does the Model Code provide concerning the practice in the interbank market of only one party to a transaction sending a written confirmation?
Which of the following is a description of a long OTC foreign currency option position?
Today is the fixing date for 6x9 FRA that you sold at 5.50% and for which the LIBOR is now 6.00%. Which of the following is true?
Inexplicably, the Chief FX trader asks the junior settlements clerk to hold back a deal input until the following morning. Which of the following courses of action should you recommend?
Experience has shown that recourse to taped telephone conversations proves invaluable to the speedy resolution of disputes. Therefore, the Model Code recommends:
Your money market dealer has accepted a deposit of NOK 10,000,000.00 at 2.375% for 12 months (365 days). How much will you have to pay back in capital plus accrued interest at maturity?
TESTED 27 Apr 2024
